Any person, corporation, limited liability company, or partnership engaging in or carrying on the business of a pawnbroker in any city or town in Connecticut. Required when: Required at the time of receiving a pawnbroker license from the licensing authority. Exemptions: The $2,000 pawnbroker bond is waived if the appl…
Overview
What it is.
Any person, corporation, limited liability company, or partnership engaging in or carrying on the business of a pawnbroker in any city or town in Connecticut. Required when: Required at the time of receiving a pawnbroker license from the licensing authority. Exemptions: The $2,000 pawnbroker bond is waived if the appl…
Who usually needs it
Any person, corporation, limited liability company, or partnership engaging in or carrying on the business of a pawnbroker in any city or town in Connecticut.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateCTBond amount$2,000Term lengthAnnualObligeeConnecticut Department of Emergency Services and Public Protection (DESPP) or Local Licensing AuthorityRenewalThe license is valid for one year and must be renewed annually. The bond must be maintained or a new bond filed at the time of renewal.Bond classLicense BondCategoryFinancial ServicesBondBond for Pawnbroker's LicenseStatutory referenceConn. Gen. Stat. § 21-40(b)JurisdictionState
