Any person or entity seeking to engage in business as a pawnbroker in the State of Mississippi. Required when: Application for a new pawnbroker license or renewal of an existing license. Exemptions: Banks, savings and loan associations, credit unions, and finance companies already regulated by the Department of Bankin…
Overview
What it is.
Any person or entity seeking to engage in business as a pawnbroker in the State of Mississippi. Required when: Application for a new pawnbroker license or renewal of an existing license. Exemptions: Banks, savings and loan associations, credit unions, and finance companies already regulated by the Department of Bankin…
Who usually needs it
Any person or entity seeking to engage in business as a pawnbroker in the State of Mississippi.
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.
StateMSBond amount$10,000Term lengthAnnualObligeeMississippi Department of Banking and Consumer FinanceRenewalThe bond must run concurrent with the licensing period (January 1 through December 31). It may be continued for subsequent years via a continuation certificate signed and sealed by the principal and the surety.Bond classLicense BondCategoryFinancial ServicesBondSurety Bond Mississippi Pawnshop ActStatutory referenceMiss. Code Ann. § 75-67-323(1)(c)JurisdictionState
