Any person applying for a pawnbroker's license in Florida who does not maintain a net worth of at least $50,000. Required when: Required as a condition of licensure or renewal for pawnbrokers who do not meet the minimum net worth requirement. Exemptions: Applicants who maintain a net worth of at least $50,000 are exem…
Overview
What it is.
Any person applying for a pawnbroker's license in Florida who does not maintain a net worth of at least $50,000. Required when: Required as a condition of licensure or renewal for pawnbrokers who do not meet the minimum net worth requirement. Exemptions: Applicants who maintain a net worth of at least $50,000 are exem…
Who usually needs it
Any person applying for a pawnbroker's license in Florida who does not maintain a net worth of at least $50,000.
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.
StateFLBond amount$10,000Term lengthAnnualObligeeFlorida Department of Agriculture and Consumer ServicesRenewalThe bond must be renewed annually in conjunction with the pawnbroker license renewal process. A continuation certificate or a new bond must be filed with the Department of Agriculture and Consumer Services.Bond classLicense BondCategoryAgricultureBondPawnbroker Surety BondStatutory referenceSection 539.001(4)(a), Florida StatutesJurisdictionState
