Pawnbrokers who do not have verifiable net assets of at least $50,000. Required when: Applying for a pawnbroker license or failing to maintain the required net assets. Exemptions: Applicants who have verifiable net assets of at least $50,000 used or readily available for use in the business.
Overview
What it is.
Pawnbrokers who do not have verifiable net assets of at least $50,000. Required when: Applying for a pawnbroker license or failing to maintain the required net assets. Exemptions: Applicants who have verifiable net assets of at least $50,000 used or readily available for use in the business.
Who usually needs it
Pawnbrokers who do not have verifiable net assets 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.
StateLABond amount$50,000Term lengthContinuousObligeeLouisiana Office of Financial InstitutionsRenewalThe license must be renewed annually by December 31st. The bond must remain in effect as long as the licensee does not meet the net asset requirement.Bond classLicense BondCategoryFinancial ServicesBondPawnbroker Surety BondStatutory referenceLa. R.S. 37:1786JurisdictionState
