NC Precious Metals Dealer Bond Overview
- Purpose: To provide financial recourse for any customers harmed by a fraudulent dealer
- Who Needs It: Precious metals dealers in North Carolina
- Regulating Body: The State of North Carolina, Department of Crime Control & Public Safety
- Required Coverage: $10,000
- Premium Rate: $100 for one year
What Is a North Carolina Precious Metals Dealer Bond?
A North Carolina precious metals dealer bond is a type of surety bond that ensures dealers conduct business ethically and lawfully. This financial security protects the public and the state from potential financial harm caused by metals and gems dealers.
How Much Do Precious Metals Dealer Bonds Cost in North Carolina?
The state-required $10,000 precious metals dealer bond costs $100 for a one-year term. With our multi-year discount, you can also choose a three-year term for $250.
All applicants qualify at the same flat rate. Buy your bond in minutes now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does the Bond Work?
A North Carolina precious metals dealer bond contract involves three parties:
- Principal: The precious metals dealer filing the bond
- Obligee: The North Carolina Department of Crime Control & Public Safety requiring the bond
- Surety: The provider issuing the bond
If you, as the principal, commit fraud, theft or otherwise break license regulations, the surety will compensate harmed parties. However, it’s important to avoid bond claims because you have to repay the surety in full.
How Do I Get a Precious Metals Dealer Bond?
You can buy your North Carolina precious metals dealer bond instantly online with SuretyBonds.com.
We’ll email you the official bond form minutes after purchase. Remember to file this with the NCDPS along with your dealer license application.
Can I Get Bonded With Bad Credit?
Yes, North Carolina precious metals and gems dealers can get bonded regardless of credit score. Buy your bond online now.
How Do I Renew My Bond?
To renew your bond, pay the annual renewal premium when prompted. The surety will extend your bond for another term as long as there are no active claims.
