1 (800) 308-4358

Wisconsin
City of Madison Pawnbroker License Bond

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

Coverage Amount: $500
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 Madison Pawnbroker License Bond Guide

If you’re applying for a pawnbroker license in Madison, Wisconsin, you’ll need this surety bond. 

Bond Overview

  • Purpose: To ensure pawnbrokers uphold local regulations
  • Who Needs It: All pawnbrokers operating in Madison, Wisconsin
  • Regulating Body: The City of Madison City Clerk’s Office
  • Required Coverage: $500
  • Premium Rate: $100

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

What Is a City of Madison, WI, Pawnbroker License Bond?

A City of Madison, Wisconsin pawnbroker license bond protects pawn shop clients from potential fraud or theft.

The city requires all pawnbrokers to file a $500 surety bond for licensing as financial security. Secondhand article and jewelry dealers do not need the surety bond. 

How Much Do Pawnbroker License Bonds Cost?

A $500 City of Madison pawnbroker license bond costs a flat rate of $100. Or, you can save 25% by selecting a multi-year term. 

Click below to buy your bond in minutes!

Bond Type
$500City of Madison 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 Madison pawnbroker license bond instantly online. Just enter your information and checkout in minutes. 

We’ll email you the bond shortly after purchase. Be sure to file it 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 Madison Pawnbroker License Bond Work? 

A pawnbroker license bond creates a legal contract between these three parties: 

  1. Principal: You, the pawnbroker filing the bond
  2. Obligee: The City of Madison City Clerk’s Office requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of the Madison Code of Ordinances, Sec. 7-10-7. 

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 license 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