This surety bond is required by the state of Indiana Department of Financial Institutions under IC 28-7-5. The bond is required to be in the amount of $50,000 per location, with a maximum bond of $200,000. This surety bond covers the recovery of expenses, fines, and fees levied by the Department of Financial Institutions (DFI), and for any and all expenses due pursuant to a final judgment or order and that are not promptly paid by the bond holder. The bond also covers losses or damages which are determined by the DFI to have been incurred by any borrower or consumer as a result of the bond holder’s failure to faithfully comply with the provisions of Indiana law. The bond amount for this particular surety bond varies, but regardless of the bond amount, Surety1 can provide this bond quickly and at the most competitive rate.
To Attain an Indiana Pawnbroker Surety Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.