Any person applying for a license to conduct business as a pawnbroker in any city or town in Rhode Island. Required when: Required before any pawnbroker license is issued by the local city or town council.
Overview
What it is.
Any person applying for a license to conduct business as a pawnbroker in any city or town in Rhode Island. Required when: Required before any pawnbroker license is issued by the local city or town council.
Who usually needs it
Any person applying for a license to conduct business as a pawnbroker in any city or town in Rhode Island.
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.
StateRIBond amount$2,000Term lengthAnnualObligeeCity or Town Council (Local Licensing Authority)RenewalThe bond must be provided or maintained as a condition for the issuance or annual renewal of the pawnbroker license.Bond classLicense BondCategoryFinancial ServicesBondLicense bondStatutory referenceR.I. Gen. Laws § 19-26-3JurisdictionState
