How much does a secondhand goods dealer bond cost in Midland, Texas?
The city of Midland, Texas, requires secondhand goods dealers to post $1,000 surety bonds prior to conducting business.
These bonds are subject to an underwriter's review to determine the premium, meaning an applicant's credit history will be reviewed. The best way to find out exactly how much you’ll pay for your surety bond is to request your free bond quote.
Why do I need this bond?
By posting a junk and secondhand goods dealer bond in Midland, Texas, principals (junk and secondhand dealers) pledge to conduct business in accordance with all laws and rules and regulations. If the principal fails to do this and violates any terms of the surety bond agreement, the bond protects the city from financial loss up to the full penal sum of the bond ($1,000).
What’s the fine print?
Midland, Texas, junk and secondhand goods dealer bonds can be canceled if the surety gives written notice of cancellation to the City Secretary of the City of Midland. Cancellation becomes effective 30 days after notice is received.
