A Pawnbroking Surety Bond regulates owners and operators of pawn shops. The Pawnbroking Surety Bond protects consumers against misrepresentation, fraud, financial failure, breach of contract, and violation of other industry-specific state statutes.
What is the current market for a Pawnbroking Surety Bond?
Pawnbroking Surety Bonds are widely written by multiple surety bond markets. The respective minimum and maximum bond amounts for the Pawnbroking Surety Bond vary by state and may differ. Terms of approval and premium are largely determined by the financial condition of the pawn broker's corporate and/or personal net worth, experience, and the needed bond amount.