Ohio precious metals dealer bonds.
$100 flat.
Ohio requires a precious metals dealer to either maintain a $10,000 net worth or post a $10,000 surety bond to qualify for a license from the Division of Financial Institutions under R.C. 4728.03 — most dealers pick the bond. Ours is $100 flat, and the price you see is the checkout price. No credit check.
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How much does an Ohio precious metals dealer bond cost?
$100 at the $10,000 amount, the same for every applicant.
Three steps. One sitting.
A precious metals dealer bond filing is about the simplest thing in surety. Here's the entire process:
Apply online
Business details, ownership, and an effective date. That is the application. No credit check.
Pay & e-sign
Bonds like this are among the thousands of bond types that issue right after purchase.
File through NMLS
Your executed bond and power of attorney arrive by email, ready to file through NMLS with the Division of Financial Institutions. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Ohio licenses precious metals dealers — businesses that buy, sell, or trade gold, silver, platinum, and similar items — through the Division of Financial Institutions within the Department of Commerce. R.C. 4728.03 conditions licensure on financial responsibility: an applicant must show a $10,000 net worth, or in the alternative, obtain a corporate surety bond of not less than $10,000, payable to any person injured by a violation of the chapter, and to the state for the benefit of any person so injured.
It's a three-party arrangement: you (the principal), the surety carrier, and the protected party is anyone harmed by a violation of R.C. Chapter 4728 — customers who sell or pawn precious metals to a licensed dealer. If a dealer violates the chapter's requirements and a person is injured as a result, that person (or, for the state's benefit, the Division) can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. A dealer who files the bond is exempt from the ongoing net-worth requirement, but must keep the bond in force for at least two years after ceasing precious metals dealer business in Ohio, so we track it and notify you ahead of renewal.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $10,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File through NMLS. Your executed bond and power of attorney arrive by email, ready to file through NMLS with the Division of Financial Institutions. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $100 at the $10,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields. No credit check.
Start the application →Common questions.
Other Ohio bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your Division of Financial Institutions filing today.
$100 flat, no credit check, bond often issued in the same sitting. Free until issued.