To license as a pawnbroker, secondhand dealer, or precious-metals & stones broker in the City of New Haven, you file a $2,000 surety bond with the New Haven Police Department. Ours is $275 flat — the $275 minimum applies because 3% of $2,000 is below it. The application is five minutes and this bond has no credit check.
















Municipal license bonds are the simplest thing in surety. Here's the entire process:
Business details and an effective date. That's the application — no financials and no credit check section.
Small fixed-amount license bonds like this are among the thousands that issue right after purchase. At most, 1–2 business days.
Your executed bond and power of attorney arrive by email, ready to file with your pawn / secondhand / precious-metals license application. Wet-ink original mailed on request.
$2,000 bond × 3% = $60, which is below our $275 minimum — so the price is $275, one-time per term. Fixed amount, fixed price, multi-year if you want it.
Connecticut regulates pawnbrokers, secondhand dealers, and dealers in precious metals or stones under Connecticut General Statutes Chapter 409, and a $2,000 surety bond is filed as a condition of the license. In a city with an organized police department, you license through that department — for New Haven, the New Haven Police Department.
It's a three-party arrangement: you (the principal), the surety carrier, and the City of New Haven (the obligee), with your customers as the protected parties. If you fail to keep required records, mishandle pledged or pawned goods, or violate the dealer law, a harmed party can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. Brokers who keep clean records and follow Chapter 409 treat the bond as a license formality, not a risk.
These are the actual issuing fields — no credit check section, because this bond doesn't have one.
Start the application →If yours isn't here, the bond team can usually answer within the hour.
$275 flat, five-minute application, bond often issued in the same sitting. Free until issued.