California Pawnbroker Bond
Bond Requirements & Set Rates
| Bond Amount Required | Bond Term | Annual Premium |
| $20,000 | 1 | $200 |
Professionals who operate a pawnshop or engage in the business of lending money on the security of personal property are required to secure a surety bond as part of the licensing process under the California Financial Code. Required by the local licensing authority (typically the city or county issuing the pawnbroker license), the California pawnbroker bond guarantees pawnbrokers will follow state statutes regarding the storage and return of pledged property.
Cost of a California Pawnbroker Bond
The cost of the $20,000 California pawnbroker bond is available for $200 with NNA Surety. Get your bond today.
Why You Need a California Pawnbroker Bond
The California pawnbroker bond provides financial protection for consumers against the loss or damage of items and ensures the business maintains ethical lending standard.
Like all surety bonds, this bond involves three key parties:
- Principal: Licensed pawnbroker (you)
- Obligee: City or county authority issuing your pawnbroker license
- Surety: Bonding company
If a pawnbroker fails to return pledged items, engages in deceptive practices, or fails to maintain proper records, an affected party may file a claim against the bond. If the claim is validated, the surety may compensate the claimant, and the pawnbroker must reimburse the surety for any payouts.
How to Get a California Pawnbroker Bond
Getting your bond is simple and fast:
- Complete this online application.
- Pay the $200 premium for the bond.
- File the bond with your local licensing authority.
Apply for Your California Pawnbroker Bond Today
Secure your California pawnbroker license with confidence by partnering with NNA Surety. Complete this application to begin or speak with one of our bonding specialists at 855-339-6183 to receive your bond today.