Each applicant for a pawnshop license in a municipality or county that requires a bond. Required when: At the time of filing an application for a pawnshop license. Exemptions: Persons lawfully operating a pawnshop on August 28, 1990, are not required to obtain a license under this section to continue operating, provid…
Overview
What it is.
Each applicant for a pawnshop license in a municipality or county that requires a bond. Required when: At the time of filing an application for a pawnshop license. Exemptions: Persons lawfully operating a pawnshop on August 28, 1990, are not required to obtain a license under this section to continue operating, provid…
Who usually needs it
Each applicant for a pawnshop license in a municipality or county that requires a bond.
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.
StateMOBond amount$5,000Term lengthContinuousObligeeMunicipality or CountyRenewalThe bond must remain in effect during the licensure period; renewal typically occurs annually in conjunction with the municipal or county license renewal.Bond classLicense BondCategoryGovernmentBondPawnshop License BondStatutory referenceSection 367.043, RSMoJurisdictionState
