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City of New York - Pawnbroker License (080) Bond (Third Party Bond)

This bond is required for anyone who wants to operate a pawnbroker business in New York City. When you pawn items for cash, this $10,000 bond protects your customers and the city. It guarantees you'll follow all pawnbroking rules and regulations, treat customers fairly, and handle their property correctly. If you brea…

Bond amount$10,000
State or jurisdictionNew York
ObligeeCity of New York

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

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2323 yearsHelping clients and agents
Overview

What it is.

This bond is required for anyone who wants to operate a pawnbroker business in New York City. When you pawn items for cash, this $10,000 bond protects your customers and the city. It guarantees you'll follow all pawnbroking rules and regulations, treat customers fairly, and handle their property correctly. If you brea…

Who usually needs it

Pawnbrokers (collateral loan brokers) operating in New York City who loan money on the deposit or pledge of personal property as collateral or who buy and resell personal property at a set price must obtain this $10,000 bond when applying for or renewing the Pawnbroker License (080). This applies to individuals, partnerships, or corporations engaged in thes…

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 depending on the specific bond type, state program, or underwriting requirements.

Your quote determines the actual premium.

Typical timeframe

Issuance timeframe varies by bond type and underwriting

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

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Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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