City of Baytown Precious Metals and Gems Dealer Bond Guide
If you’re becoming a metal recycler or precious metals dealer in the City of Baytown, Texas, you’ll need this surety bond.
Bond Overview
- Purpose: To provide financial recourse for any customers harmed by a fraudulent dealer
- Who Needs It: Dealers of precious metals and gems or metal recyclers in Baytown, TX
- Regulating Body: The City of Baytown
- Required Coverage: $10,000
- Premium Rate: $100 for a 1-year term
Learn all about the bond requirements and process in this guide.
What Is a City of Baytown Precious Metals Dealer or Metal Recycler Bond?
A City of Baytown precious metals and gems dealer or metal recycling bond ensures business owners conduct business lawfully and protects the public from financial harm.
If a precious metals dealer or recycler commits fraud, theft or otherwise breaks their license regulations, the surety will compensate harmed parties.
How Much Do Precious Metals Dealer Bonds Cost in Baytown, TX?
A $10,000 City of Baytown, Texas precious metals dealer or recycler bond costs a flat rate of $100 for a 1-year term. Or, you can save 25% by selecting a multi-year term.
Click below to buy your bond in minutes!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Precious Metals and Gems Dealer or Metal Recycling Bond?
The City of Baytown requires this bond as part of the licensing process for precious metals and gems dealers as well as metal recyclers.
Working outside of Baytown? Visit our Texas Precious Metals and Gems Dealer Hub to see all similar bonds.
How Do I Get My Bond?
With SuretyBonds.com, you can buy your City of Baytown precious metals dealer bond instantly online. Just enter your information and checkout in minutes.
We’ll email you the bond shortly after purchase. Be sure to file the bond with the City of Baytown as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Baytown Precious Metals Dealer or Recycler Bond Work?
As with all surety bonds, a precious metals dealer bond creates a legal contract between three parties:
- Principal: You, the precious metals and gems dealer filing the bond
- Obligee: The City of Baytown requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding local regulations and operating honestly.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your precious metals dealer bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.