Pawnshop bond cost
The Florida Department of Agriculture and Consumer Services requires pawnbrokers to post $10,000 surety bonds to legally work within the state
These bonds are subject to underwriting, so the amount you’ll pay is based on a review of your personal credit report. Applicants with strong financial credentials could pay as low as $100! Bad credit? Don’t worry! The experts at Surety Bonds can get you the bond you need quickly, easily and accurately.
Why this bond
By posting a Florida pawnbroker surety bond, principals (pawnbrokers) pledge not to violate any terms found in 539.001-539.003 of the Florida Statutes, which is also referred to as the Florida Pawnbroking Act. If the pawnbroker fails to adhere to these terms and does not perform services as contracted, the bond protects harmed parties from financial loss.
Pawnshop bond cost details
Florida pawnbroking bonds have a set expiration of 1 year after the sign and seal date. The surety can cancel the bond prior to the expiration date by giving notice of intent to cancel to the Department of Agriculture and Consumer Services 30 days prior to the desired termination date.
Become a pawnbroker
To become a licensed pawnbroker in Florida, applicants must maintain a net worth of at least $50,000 or file security in the form of a bond, letter of credit or certificate of deposit in the amount of $10,000. Other licensing information can be accessed from the Additional information section of this page. Take your first step toward becoming a licensed pawnbroker by applying for a free bond quote today!
Apply for your surety bond
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