Florida pawnbroker bonds.
$100 flat.

Florida licenses pawnbrokers through the Department of Agriculture and Consumer Services under the Florida Pawnbroking Act. An applicant who does not demonstrate a net worth of at least $50,000 files a $10,000 surety bond for each license instead (Fla. Stat. § 539.001). Ours is $100 flat.

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Satisfies the FDACS financial requirement under Fla. Stat. § 539.001

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Fixed price, fixed amount — $10,000 bond, $100 flat, no quote process

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Multi-year terms available — set it up once for up to 3 years

A-ratedA.M. Best carriersInstantissuance at checkout$100 flatsame price at checkout

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How it works

Three steps. One sitting.

Pawnbroker license bonds are among the simplest filings in surety. Here's the entire process:

NOW · ONLINE

Apply online

Business details, an effective date, and a term. That is the entire application — no financials, and any credit screen is a soft pull that never shows as a hard inquiry.

INSTANTLY

Pay & e-sign

This bond is checkout-priced at $100 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.

SAME DAY

File with FDACS

Your executed bond arrives by email, ready to file with your pawnbroker license application at the Department of Agriculture and Consumer Services. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

Florida's Pawnbroking Act requires every pawnbroker to hold a license from the Department of Agriculture and Consumer Services. As part of the application, you either demonstrate a net worth of at least $50,000 or file a $10,000 bond for each license — most operators choose the bond, because it satisfies the requirement without tying up capital. A certificate of deposit or irrevocable letter of credit in the same amount can substitute.

It's a three-party arrangement: you (the principal), the surety carrier, and the state (the obligee). The bond stands behind consumers — anyone financially damaged by a pawnbroker's fraud, misrepresentation, breach of contract, financial failure, or violation of the Pawnbroking Act can recover against it.

It is not insurance for you — if the surety pays a claim, you repay the surety. The bond has to stay on file for as long as you hold the license, and each licensed location needs its own; we track the term and send renewal notices 60 and 30 days out.

Fla. Stat. § 539.001Section 539.001 of the Florida Statutes — the Florida Pawnbroking Act — sets the license requirements a pawnbroker files with the Department of Agriculture and Consumer Services. Its financial-responsibility provision requires the applicant to demonstrate a net worth of at least $50,000 or file a $10,000 bond for each license, for the benefit of consumers damaged by violations of the Act; a certificate of deposit or irrevocable letter of credit in the amount of the bond may be established in lieu of it.

You need this bond if you're

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Opening a pawnshop in Florida — new applicants filing for an FDACS pawnbroker license

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Below the $50,000 net-worth threshold — the bond is the statutory alternative

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Adding a location — the statute requires a bond for each license

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Renewing your license — the bond must stay on file for as long as you operate

One application, issued instantly.

These are the actual issuing fields — business details, an effective date, and a term. That is the entire application.

Start the application →

FAQ

Common questions.

How much is the Florida pawnbroker bond?The premium is $100 flat — set by our carrier's rate book for this bond, the same for every pawnbroker. The $10,000 bond amount is set by Fla. Stat. § 539.001, so there is no quote process, and the price you see is the checkout price.

Do I pay the $10,000?No. You pay $100. The $10,000 is the surety's maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.

Do I need the bond if my net worth is over $50,000?Not necessarily — the statute lets an applicant demonstrate a net worth of at least $50,000 instead. Most operators file the bond anyway, because a $100 premium is simpler than producing net-worth documentation, and it keeps capital free.

How fast will I have the bond?This bond is checkout-priced, so it issues the moment you pay — your e-signed bond and power of attorney arrive by email, ready to file with your FDACS license application. Any credit screen is a soft pull only, never a hard inquiry.

Who requires the bond, and where do I file it?The Florida Department of Agriculture and Consumer Services, which licenses pawnbrokers under the Florida Pawnbroking Act. The bond is filed with your license application — one bond for each licensed location.

Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.

How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.

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Finish your pawnbroker license today.

$100 flat, issued the moment you pay, soft pull only. Free until issued.

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