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What is a Florida Pawnbroking Surety Bond?
The Florida Pawnbroking Surety Bond is bond is required by the Florida Department of Agriculture and Consumer Services for all pawnbrokers. It helps protect and compensate consumers who are injured as a result of fraud, misrepresentation, breach of contract, financial failure, or violation of Florida laws. The amount of the surety bond is at $10,000.
How do I become a Pawnbroker in Florida?
To be a pawnbroker in Florida, you must not only submit the $10,000 surety bond, but also submit the following:
- Completed application form
- Submission of fingerprints of the officers (operator, manager), or all individuals that own at least 10% ownership of the business
- Proof of financial security – it can be either the $10,000 surety bond; a current financial statement from a certified public accountant (the applicant must have a net worth of at least $50,000; an irrevocable letter of credit or an original Certificate of Deposit
- Payment of $300 for every location of the applicant
How do I obtain a Florida Pawnbroking Surety Bond?
Surety Solutions Insurance Services Inc was established in 2003. Although our headquarters are located in California, we are actually licensed in all 50 states. We have also partnered with several surety markets to ensure that we would only offer the best rates for all our clients. Our application processing time is also very fast, with some applications taking just a business day to get approved!
If you wish to get this surety bond from us, please fill out and submit an online application form. You will then be contacted by our licensed agents who will give a no-obligation quote for your bond. If you find the price to your satisfaction, just pay the said amount and sign all the paperwork. We will then send the surety bond through USPS Priority Mail or overnight delivery.
With an A+ rating from the Better Business Bureau, you can only expect the best service from us here at Surety1.