City of Janesville Secondhand Dealer Bond Guide
If you’re applying for a secondhand dealer or pawnbroker license in Janesville, Wisconsin, you’ll need a $1,000 surety bond.
Bond Overview
- Purpose: To provide financial recourse for any customers harmed by a fraudulent dealer
- Who Needs It: Secondhand dealers seeking a license in City of Janesville
- Regulating Body: The City of Janesville
- Required Coverage: $1,000
- Premium Rate: $100 for a 1-year term
Learn all about the bond requirements and process in this guide.
What Is a City of Janesville Secondhand Dealer Bond?
City of Janesville secondhand dealer bonds, or pawnbroker bonds, ensure that dealers comply with government regulations and protect clients from fraud or theft.
How Much Do Secondhand Dealer Bonds Cost in Janesville, WI?
A $1,000 City of Janesville secondhand dealer bond costs a flat rate of $100 for a 1-year term. 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 City of Janesville, Wisconsin pawnbroker or secondhand dealer 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.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a City of Janesville Pawnbroker Bond Work?
A secondhand dealer or pawnbroker bond creates a legal contract between three parties:
- Principal: You, the secondhand dealer filing the bond
- Obligee: The City of Janesville 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 secondhand dealer bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.