Caribou pawn broker license bonds.
$100 flat.
The City of Caribou conditions its pawnbroker license on a $300 surety bond. Our carrier prices this specific bond at a flat $100 — the price you see is the price you pay at checkout. The bond issues the moment you pay — no credit check.
Trusted by industry leaders
How much does a Caribou pawn broker license bond cost?
$100 at the $300 amount, the same for every applicant.
Three steps. One sitting.
A municipal license bond is the simplest thing in surety. Here's the entire process:
Apply online
Business details and an effective date. That is the application. No credit check.
Pay & e-sign
Small fixed-amount license bonds like this are among the thousands of bond types that issue right after purchase.
File with the City Clerk
Your executed bond and power of attorney arrive by email, ready to file with your City of Caribou pawnbroker license application or renewal. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
A pawnbroker license bond is a public-and-customer-protection guarantee. You take in pledged goods and lend against them, and the City of Caribou wants a financial backstop that you'll keep the records the law requires, hold property properly, and deal honestly with the people who pawn with you.
It's a three-party arrangement: you (the principal), the surety carrier standing behind you, and the City of Caribou (the obligee), with your customers and the public as the protected parties. If a pawnbroker mishandles pledged property or violates the local pawnbroker ordinance, a harmed party can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. And the bond must stay active for the life of your license, so we track it and notify you 60 and 30 days out, keeping your $300 filing continuous with the City Clerk.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $300 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the City Clerk. Your executed bond and power of attorney arrive by email, ready to file with your City of Caribou pawnbroker license application or renewal. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $100 at the $300 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields. No credit check.
Start the application →Common questions.
Other Maine bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your Caribou license checklist today.
$100 flat, no credit check, bond often issued in the same sitting. Free until issued.