Florida Pawnbroker Bond | AmeriPro Surety Bonds | 844-589-9732
The Florida Department of Agriculture and Consumer Services (FDCS), Chapter 539 of the Florida State Statutes, and Rule Chapter 5J-13 of the Florida Administrative Code requires Florida pawnbrokers to obtain a surety bond.
The Florida pawnbroker bond is a $10,000 bond and is a prerequisite for licensing in Florida in lieu of a net worth of $50,000.
Florida Pawnbroker Bond: The Purpose
The purpose of the Florida pawnbroker bond is to protect your customers from any acts of fraud, theft, misrepresentation, or criminal conduct committed by a pawnbroker establishment, its owners, agents, managers, or employees, in their business conduct as it relates to consumers.
To be clear, this surety bond does not protect you at all; its sole purpose is for the benefit of your customers and is a financial guarantee which protects them from wrongful loss or harm.
Florida Pawnbroker Bond: The Premium
The premium represents the price you will pay for the $10,000 Florida pawnbroker surety bond.
With this bond, you have the option of prepaying the bond for up to 3 years. Each prepaid year offers a savings over renewing the bond annually.
The premium may be as little as follows:
- A premium paid for one year may be as little as $100;
- A premium prepaid for two years may cost you as little as $175;
- The Florida pawnbroker bond prepaid for 3 years may cost you as little as $250.00
The price you may be required to pay for the bond may be determined by a credit check, and so the premium may or may not vary from what is stated here.
Florida Pawnbroker Bond: Duration
The duration of pawnbroker bond should match your licensing so as to prevent any lapse in bond coverage.
Any gaps in surety bond coverage may potentially pose a problem with the FDCS.
Becoming a Pawnbroker in Florida
If you are an applicant to start a pawnbroker business in Florida, you will need to complete the packet for Florida pawnbroker licensing .
Call AmeriPro when you are ready to purchase your pawnbroker bond, and we can have that to you within a matter of minutes, or one business day, depending on when your application is processed.
We will process your Florida pawnbroker surety bond application directly over the phone.
About AmerirPro Surety Bonds
AmeriPro Surety Bonds is a surety-bonds only agency which provides license and permit, contractor, court, and fiduciary bonds throughout Florida.
Our agency all also provides surety bonds nationwide.