Scott County Pawnbroker Bond Guide
If you’re applying for a pawnbroker license in Scott County, Virginia, you’ll likely need this surety bond.
Bond Overview
- Purpose: To ensure pawnbrokers operate honestly and legally
- Who Needs It: Pawnbrokers operating in Scott, County, VA
- Regulating Body: The Scott County Government
- Required Coverage: $50,000
- Premium Rate: $500–$5,000, credit-based
Learn all about the bond requirements and process in this guide.
What Is a Scott County Pawnbroker Bond?
A Scott County, Virginia pawnbroker bond ensures that pawnshops follow regulations and operate honestly.
They protect the county government and consumers from financial harm if a pawnbroker is fraudulent or noncompliant with licensing laws.
How Much Do Pawnbroker Bonds Cost?
Scott County, Virginia pawnbroker bonds cost a small percentage of the $50,000 coverage amount, typically $500–$5,000.
Exact rates vary based on personal credit score. Apply for your free quote now!
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 Scott County pawnbroker bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll email you the bond shortly after purchase. Be sure to file it with the county as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Scott County Pawnbroker Bond Work?
A pawnbroker bond creates a legal contract between these three parties:
- Principal: You, the pawnbroker filing the bond
- Obligee: The government of Scott County requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding all applicable local and state 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 must ultimately refund 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.