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.
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.
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:
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.
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.
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.
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.
Please call us today at: 844-589-9732
Or, you may fill out the form below and a Surety Agent will contact you: