How much does a pawnshop bond cost in Florida?
The Florida Department of Agriculture and Consumer Services requires pawnbrokers to post $10,000 surety bonds to legally work within the state
These bonds are subject to underwriting, so the amount you’ll pay is based on a review of your personal credit report. Applicants with strong financial credentials could pay as low as $100! Bad credit? Don’t worry! The experts at SuretyBonds.com can get you the bond you need quickly, easily and accurately. Request a free bond quote now!
|Bond Type||Bond Amount||Cost by Credit Score*|
|680 and up||679 - 600||599 or lower|
|Pawnbroking Bond||$10,000||Starts at $100||$500-800||$1,000+||Apply Now|
Give us a call at 1 (800) 308-4358, or submit a bond request to receive a free bond quote within 1 business day of applying.
Why do I need this bond?
By posting a Florida pawnbroker surety bond, principals (pawnbrokers) pledge not to violate any terms found in 539.001-539.003 of the Florida Statutes, which is also referred to as the Florida Pawnbroking Act. If the pawnbroker fails to adhere to these terms and does not perform services as contracted, the bond protects harmed parties from financial loss.
Questions about this bond? Ready to proceed with the bonding process? Start here.
What’s the fine print?
Florida pawnbroking bonds have a set expiration of 1 year after the sign and seal date. The surety can cancel the bond prior to the expiration date by giving notice of intent to cancel to the Department of Agriculture and Consumer Services 30 days prior to the desired termination date.
How to become a pawnbroker in Florida
To become a licensed pawnbroker in Florida, applicants must maintain a net worth of at least $50,000 or file security in the form of a bond, letter of credit or certificate of deposit in the amount of $10,000.
Other licensing information can be accessed from the Additional Resources section of this page.
Take your first step toward becoming a licensed pawnbroker by applying for a free bond quote today!
Ready to get started?