Any person, partnership, association, limited liability company, or corporation engaged in the business of pawnbroking in Indiana. Required when: Required as a condition of obtaining and renewing a pawnbroker license.
Overview
What it is.
Any person, partnership, association, limited liability company, or corporation engaged in the business of pawnbroking in Indiana. Required when: Required as a condition of obtaining and renewing a pawnbroker license.
Who usually needs it
Any person, partnership, association, limited liability company, or corporation engaged in the business of pawnbroking in Indiana.
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.
StateINBond amount$50,000 per location, up to a maximum of $200,000.Term lengthContinuousObligeeIndiana Department of Financial InstitutionsRenewalProof of the bond must be submitted with the annual license renewal application; licenses expire on December 31 of each year.Bond classLicense BondCategoryFinancial ServicesBondPawnbroker Surety BondStatutory referenceIndiana Code 28-7-5-5.5JurisdictionState
