1 (800) 308-4358

Massachusetts
City of Lynn Pawnshop Bond

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

Coverage Amount: $3,000
Term Length: 1 year
Cost: $100
Instant Online Purchase & Delivery
Save 25% Per Year By Extending Your Bond Term
Multi Year Discount

Save time and money by extending your bond term. Choosing a longer term now means you pay 25% less for your bond each year and skip the annual renewal process.

Email Delivery

Purchase your bond today and we'll email your bond directly to you. No shipping required.

Secure Checkout

Backed by SSL, our online bonding process is secure. We are committed to your privacy.

Trustpilot

City of Lynn Pawnshop Bond Guide

If you’re applying for a pawnshop license in Lynn, Massachusetts, you’ll need this surety bond. 

Bond Overview

  • Purpose: To provide financial recourse for any customers harmed by a fraudulent pawnshop
  • Who Needs It: Pawnshop owners seeking a license in Lynn, MA
  • Regulating Body: The City of Lynn
  • Required Coverage: $3,000
  • Premium Rate: $100 for a 1-year term

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

What Is a City of Lynn Pawnshop Bond?

City of Lynn pawnshop bonds ensure that pawnbrokers comply with government regulations and protect clients from potential fraud or theft. 

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 Lynn, MA?

A $3,000 City of Lynn pawnshop bond costs a flat rate of $100 for a 1-year term. Or, you can save 25% by selecting a multi-year term. 

Click below to buy your bond in minutes!

Bond Type
$3,000City of Lynn Pawnshop Bond

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

How Do I Get My Bond?

With SuretyBonds.com, you can buy your City of Lynn 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 City of Lynn as instructed. 

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

How Does a City of Lynn Pawnshop Bond Work? 

A pawnshop bond creates a legal contract between three parties: 

  1. Principal: You, the pawnshop filing the bond
  2. Obligee: The City of Lynn 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 pawnshop 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

or