Pawn Broker Bond

A pawn broker bond is a type of license and permit surety bond that is required for those who operate as a pawn broker or pawn shop.
Key Highlights
- A pawn broker bond ensures that the customer of a pawn shop will receive compensation for financial harm if the broker violates the terms of their license.
- These bonds protect the public from financial harm if the broker or pawn shop owner engages in fraud or unethical business practices.
- Pawn broker bonds are required by many states and local governments.
How do I purchase a pawn broker bond?
NFP, the nation's largest and most reliable surety company, is authorized to issue pawn broker bonds in each of the 50 states. We can provide the best rates for your bond, as well as the fastest issuance, to get your business off and running.
Our short online application makes it easy. Click below to start the application process today.
Pawn Broker Bond FAQs
Most pawn brokers or pawn shop owners or operators need a pawn broker bond as a prerequisite for obtaining a business license, but it depends on your state or local government requirements.
The cost of a pawn broker bond depends on a variety of factors including locations, the degree of risk of the bond and, sometimes, the financial history of the pawn broker.
Failure to obtain the appropriate pawn broker bond for your state or local government regulations could result in the inability to obtain a business license, penalties, fines or legal action.
Your pawn operation needs a pawn broker bond for as long as you are in business.
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