Metal Recyclers and Secondhand Metal Dealers Bond
Some municipalities in the state of Texas require metal recyclers, secondhand metal dealers, and secondhand resellers to obtain a $10,000 surety bond. The City of Houston, for instance, requires the bond to ensure that principals (recyclers, dealers and resellers) comply with the provisions of Article III, Chapter 7 of the Houston Code of Ordinances. If a dealer fails to conduct business according to these terms, the bond guarantees that the principal will pay any and all legal damages and fines up to the full bond amount that result from his or her wrongful, illegal, or negligent business practices to any person who suffers loss.
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