North Carolina Pawnbroker Bond | AmeriPro Surety Bonds |
Pawnbrokers – North Carolina
North Carolina pawnbroker entities are required to furnish evidence of filing a $5000 surety bond with the city or county in which the pawnbroker license is being issued.
AmeriPro Surety Bonds offers you the pawnbroker surety bond as both a new and renewal bond for filing with the local licensing authority.
North Carolina Pawnbroker Bond: The Premium
The $5000 pawnbroker surety bond will have a premium which is typically about $100 annually.
The premium will ultimately be determined by an application, which may be completed over the phone with our surety agent, and a standard credit check. However, information provided by you on your application and your credit score may cause the premium to be somewhat higher.
Because of the bond’s small dollar size, approval for the bond should come relatively quickly.
Once issued, the North Carolina pawnbroker bond will be active for one year from the date of issuance, thereafter the bond must be renewed.
To remain in compliance with North Carolina law, an active surety bond must remain on file with the city or county in which you conduct business.
The Purpose of this Surety Bond
Article 45 § 66-399 of the North Carolina state statutes gives the two reasons for your pawnbroker surety bond.
- The surety bond is required to ensure faithful compliance with the laws and regulations relating to being a pawnbroker in North Carolina;
- The bond allows any person who receives a judgment against a pawnbroker entity and who is also unsuccessful in collecting on that judgment, to file against the surety bond to collect the judgment amount.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, contractor, court, and fiduciary surety bonds throughout North Carolina.
Our agency also provides surety bonds nationwide.
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