Connecticut Pawnbroker Bond |
AmeriPro Surety Bonds | 844-589-9732
Pawnbrokers – Connecticut
Pawnbrokers in Connecticut are regulated by the state’s Department of Emergency Services and Public Protection. In order to become licensed (or, if you are already licensed, to remain so), you are required to furnish the Department with evidence of a $2,000 surety bond.
From start to finish, the process involved in purchasing this surety bond should take no more than 10 minutes.
Qualifying and the Premium
You are automatically approved for the $2000 Connecticut pawnbroker bond. This is because after completion of an application and payment of the surety bond premium — $100 — the bond is issued to you immediately.
Our agency will take the surety application from you directly over the phone. There is no credit inquiry nor underwriter review for this bond. What this means for you is that once the application is completed and the premium paid, the pawnbroker bond is issued to you immediately.
A copy of the surety bond can be sent to you by email, and the original bond, which you will sign as Principal and file — along with the Power of Attorney form (this is required of pawnbrokers) — will be sent to you by mail the same or the following business day.
Additional Premium Payment Options
At $100 premium, this $2000 Connecticut pawn dealer surety bond is issued for one year. Thereafter, the bond must be renewed. You also have the option to prepay this surety bond for 2 or 3 years. Prepayment of the premium does two things for you:
The first is that it allows you to renew less frequently; and the second is that it offers you a savings over renewing each year.
The prepayment premium options and savings are as follows:
- Two years for $180, a $20 savings;
- 3 years for $260, which is a $40 savings.
Purpose of The Surety Bond
There are two main purposes or reasons why a surety bond is required of Connecticut pawnbrokers:
- The first is that it is a financial guarantee that you will be in compliance with all laws, statutes, and regulations involved in pawn brokering;
- The next is that the bond serves as indemnity for any of your clients/customers who sustain a loss or injury which would or could result in the suspension or revocation of your license.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit surety bonds throughout Connecticut.
Our agency also provides bonds in all the other 49 states.
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Or, you may complete the form below and an agent will contact you…