Connecticut legislators have enacted a new law concerning secondhand dealers. The new law is titled HB 5795 and requires secondhand dealers (businesses which sell personal property from an individual who is not a wholesaler) to obtain a $10,000 surety bond. The bond is needed in order to become licensed with the State.
Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog.