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Michigan
City of Warren Pawnbroker License Bond

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

Coverage Amount: $1,500
Term Length: 1 year
Cost: $100
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City of Warren Pawnbroker Bond Guide

If you’re applying for a pawnbroker license in the City of Warren, Michigan, you’ll likely 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 Warren, MI
  • Regulating Body: The City of Warren
  • Required Coverage: $1,500
  • Premium Rate: $100 for a 1-year term

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

What Is a City of Warren Pawnbroker Bond?

In the City of Warren, Michigan, pawnbroker bonds ensure that pawnbrokers comply with government regulations and protect clients and customers from potential fraud or theft.

How Much Do Pawnbroker Bonds Cost in Warren, MI?

A $1,500 City of Warren pawnbroker bond costs a flat rate of $100 for a 1-year term. Click below to buy your bond in minutes!

Bond Type
$1,500City of Warren Pawnbroker License 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 Warren pawnbroker 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 as instructed. 

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

How Does a City of Warren Pawnbroker Bond Work? 

A pawnbroker bond creates a legal contract between three parties: 

  1. Principal: You, the pawnbroker filing the bond
  2. Obligee: The City of Warren 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. 

After renewing, you’ll receive a continuation certificate to file with the city as proof of ongoing coverage. 

More Resources

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

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