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Washington, D.C. Pawnbroker Bond

How much does a pawn shop bond cost in Washington D.C.?

The District of Columbia Department of Consumer and Regulatory Affairs requires pawnbrokers to post $5,000 surety bonds.

SuretyBonds.com offers these 2-year bonds for just $175. No credit check is required, so everyone qualifies for this low rate instantly. What are you waiting for? Click here to purchase your D.C. pawn bond!

Bond Type Bond Amount Cost*
$5,000 Pawnbroker Bond - 2-year term $5,000 $175 for 2 years Buy Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

You can get bonded instantly for just $175 by calling 1 (800) 308-4358, or by requesting your bond online now!

Why do I need this bond?

Washington, D.C. pawnbroker bonds ensure that principals (pawnbrokers) comply with applicable laws that regulate the pawnbroker industry in the district. Prohibited acts under this bond include, but are not limited to:

  • using false or misleading advertising
  • using pawned property as loans or liens without permission to do so
  • publicizing as or acting as a pawnbroker without a license approved by the mayor of the District of Columbia

If the principal fails to adhere to statutes as outlined on the bond form, harmed parties can make a claim to recover losses. Valid claims are paid by the surety company up to the full bond amount. The principal must then reimburse the surety for any claims paid out.

Get bonded instantly when you choose SuretyBonds.com!

What’s the fine print?

Washington, D.C. pawn shop bonds are issued for 2-year terms that run concurrently with the pawnbroker’s business license. These bonds remain continuous until canceled.

How to become a pawnbroker in Washington DC

Purchasing a $5,000 pawnbroker bond is just the first step in becoming a licensed pawnbroker in Washington, D.C. The following must also be provided when submitting a licensing application:

  • $70 application fee
  • $25 endorsement fee
  • corporate registration
  • basic business license application
  • clean hands self-certification
  • tax number
  • certificate of occupancy
  • Metropolitan Police Department interview
  • pawn record ledger
  • pawn tickets
  • police criminal history report
  • and more

Take the first step toward becoming licensed by purchasing the surety bond you need instantly!

Ready to get started?

Buy Your Pawnbroker Bond Now!

Additional Resources

Pawnbroker Bond Form

Department of Consumer and Regulatory Affairs: Get a Pawnbroker License

Department of Consumer and Regulatory Affairs: Basic Business License Application Form

Pawn Record Ledger

DC Code: Title 47, Chapter 28, Subchapter 4, Part B (Pawnbrokers)

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