Las Vegas Secondhand Dealer Bond

Las Vegas Nevada Secondhand Dealer Bond

Those who are buying, trading, or selling (consignment included) melted or junk metal or other items of personal property must be licensed as a secondhand dealer with the City of Las Vegas, Nevada. The $5,000 Secondhand Dealer Bond is used to ensure that the dealer will refund purchasers when refunds are due. 

QUOTE

Jet offers the Secondhand Dealer Bond as a financial guarantee to the City of Las Vegas that you will not cause harm to its citizens through your business dealings; if you do, the bond will reimburse those that were injured. 

How Much Does the Las Vegas Secondhand Dealer Bond Cost?

You can purchase your Secondhand Dealer Bond for as low as $5 with Jet’s monthly payment plan. Or, you can buy the bond by the year as shown below. Rates are based upon a credit check of the owner.

Bond TermCost
Monthly$5
1 Year$50
2 Years$88
3 Years$125
Las Vegas Secondhand Dealer Bond Rates

The costs displayed in the chart above are guaranteed for your Secondhand Dealer Bond. No waiting for approval!

The Secondhand Dealer Bond Process With Jet

To buy a Secondhand Dealer Bond with Jet, simply click the button at the top of the page. Our rates are preapproved, so all you need to do is pick which term you would like and make payment. Once you have finished checking out, we will send you an email with a digital copy of your bond and a receipt of purchase. 

Jet will mail the original bond form to the City of Las Vegas for filing unless you chose to mail it yourself. You can choose to do so during checkout if you need to submit the bond with other paperwork. Once ready, the bond must be mailed to: 

City of Las Vegas
Finance and Business Services
400 Stewart Ave, Third Floor
Las Vegas, NV 89101

Monthly payment plans will stay active as long as payments go through, but bonds purchased by the year will need to be renewed. Jet will send you a notice via mail and email that you can easily fill out to renew your bond. 

If you do not need the Secondhand Dealer Bond anymore, send our team an email to [email protected]. We will notify the City to begin the 30-day cancellation process. Monthly payments will end after the cancellation is official, and annual terms will be calculated into a refund for the time left of the bond term. 

How Does a Secondhand Dealer Prevent Bond Claims?

The main objective of the Secondhand Dealer Bond is to provide refunds when the dealer has not completed a full due refund. A dealer may be required to provide a refund, for example, on a transaction for a piece of property that has been illegally obtained or recorded. A secondhand dealer must comply with Title 6, Chapter 74 of the Las Vegas Municipal Code, as well as Sections 647.105 to 647.132 of the Nevada Revised Statutes. 

If the dealer does not record the item or parts accurately in the books of records or otherwise falsifies the records there may be issues with the sale that lead to damages to the purchaser. Additionally, if the dealer has reason to believe that item of personal property or metal scraps in their possession has been stolen, the dealer is obligated to report it to the chief of police or sheriff; selling such an item would cause loss to a purchaser. If any kind of misleading or fraudulent behavior causes monetary loss, the dealer still has a chance to avoid bond claims by fulfilling the refund once the issue has been brought to attention. 

If the purchaser is not refunded, they may file a claim on the bond to get their money back. Contact Jet immediately if you receive a claim filing. We will review the evidence and see if there is a way to reconcile the claim. If the claim is legitimate, we are bound to pay out the claim up to the full $5,000 limit. You are ultimately responsible for your actions that caused the claim and will be required to pay Jet back. 

Las Vegas Nevada Secondhand Dealer Bond Form

Notary Bond Application:

X

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

X

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

X

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: