Augusta-Richmond County Pawnshop Bond Guide
If you’re applying for a pawnshop license in Augusta-Richmond County, you’ll need this surety bond.
Bond Overview
- Purpose: To provide financial recourse for any customers harmed by a fraudulent pawnshop
- Who Needs It: Pawnshops seeking a license in Augusta-Richmond County, Georgia
- Regulating Body: The Augusta-Richmond County Office
- Required Coverage: $5,000
- Premium Rate: $100
Learn all about the bond requirements and process in this guide.
What Is an Augusta-Richmond County Pawnshop Bond?
Augusta-Richmond County pawnshop bonds ensure that shops comply with government regulations and operate honestly. All licensees are required to file proof of a $5,000 surety bond.
For example, if something happens to property being held as collateral, the surety bond will compensate the claimant up to the full bond amount.
How Much Do Pawnshop Bonds Cost in Augusta-Richmond County?
A $5,000 Augusta-Richmond County pawnshop bond costs a flat rate of $100. Or, you can save 25% by selecting a multi-year term.
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How Do I Get My Bond?
With SuretyBonds.com, you can buy your Augusta, Georgia pawnshop bond instantly online. Just enter your information and checkout in minutes.
We’ll email you the bond shortly after purchase. Be sure to file the bond with the county as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does an Augusta, GA Pawnshop Bond Work?
A pawnshop bond creates a legal contract between three parties:
- Principal: You, the pawnshop filing the bond
- Obligee: The County of Augusta-Richmond County requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding local ordinances and license regulations.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your pawnshop bond, simply pay your renewal invoice when prompted.
After renewing, you’ll receive a continuation certificate to file with the county as proof of ongoing coverage.