1 (800) 308-4358

Maryland
City of Baltimore Pawnbroker's Bond

400,000+ Bonds issued to 250,000+ satisfied customers.

Coverage Amount: $50,000
Term Length: 1 year
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City of Baltimore Pawnbroker Bond Guide

If you’re applying for a pawnbroker license in the City of Baltimore, Maryland, you’ll need this surety bond. 

Bond Overview

  • Purpose: To provide financial recourse for any customers harmed by a fraudulent pawnbroker
  • Who Needs It: Pawnbrokers seeking a license in City of Baltimore
  • Regulating Body: The Mayor and City Council of Baltimore
  • Required Coverage: $50,000
  • Premium Rate: 0.75–10%, credit-based

Learn all about the bond requirements and process in this guide. 

What Is a City of Baltimore Pawnbroker Bond?

City of Baltimore pawnbroker bonds ensure that pawnbrokers comply with government regulations and protect clients and customers from potential fraud or theft. 

For example, if something happens to someone’s property that is being held as collateral, the surety bond will compensate the claimant up to the full bond amount.

How Much Do Pawnbroker Bonds Cost in Baltimore, MD?

City of Baltimore pawnbroker bonds cost a small percentage of the $50,000bond amount, typically 0.75–10%.


Exact rates vary based on personal credit score. Apply for your free quote now!

Bond Type
$50,000City of Baltimore Pawnbroker's Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a City of Baltimore pawnbroker bond. Just follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. Buy: Purchase the bond online 24/7

We’ll email you the bond shortly after purchase. Be sure to file the bond with the city along with your license application or renewal packet. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a City of Baltimore Pawnbroker Bond Work? 

A pawnbroker bond creates a legal contract between three parties: 

  1. Principal: You, the pawnbroker filing the bond
  2. Obligee: The Mayor and City Council of Baltimore requiring the bond
  3. 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 pawnbroker bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date. 

More Resources

Call 1 (800) 308-4358 to talk with a Surety Expert

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