Caribou pawn broker bonds.
$100 flat. Five minutes.

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 application is five minutes, and it collects no credit information.

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Required to license a pawn shop in the City of Caribou — new applications and renewals

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Fixed $300 bond — the amount is set by the City; our carrier prices it at $100 flat

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No credit section in the application — most applications approve instantly

A-ratedA.M. Best carriersInstantunderwriting process1–3 yrterms available

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How it works

Three steps. One sitting.

A municipal license bond is the simplest thing in surety. Here's the entire process:

NOW · 5 MINUTES

Apply online

Business details and an effective date. That's the application — no financials, no credit section, no follow-up scavenger hunt.

MINUTES, USUALLY

Pay & e-sign

Small fixed-amount license bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.

SAME DAY

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.

About this bond

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.

Me. Rev. Stat. tit. 30-A, §3964-A (municipal pawnbroker regulation)Maine authorizes municipalities to license and regulate pawnbrokers under 30-A M.R.S. §3964-A, which lets a city or town set the terms of a local pawnbroker license — including a surety bond. The City of Caribou requires this $300 bond as a condition of its pawnbroker license; the bond amount and license terms are set by the City and administered through the City Clerk's office. We did not find a published Caribou ordinance number online, so we cite the enabling state statute rather than invent a code section — confirm specifics with the City Clerk.

You need this bond if you're

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Opening a pawn shop in Caribou — the bond is filed with your license application

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Renewing a Caribou pawnbroker license and your current bond is expiring

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Adding pawnbroking to an existing secondhand or resale business in the city

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Taking over a pawn shop and re-licensing it under the City of Caribou

Five minutes. The whole thing.

These are the actual issuing fields — no credit section, because this bond's application doesn't have one.

Start the application →

FAQs

Common questions.

If yours isn't here, the bond team can usually answer within the hour.

How much is the Caribou pawn broker license bond? ▾

The premium is a flat $100. The bond amount is $300, but our carrier prices this specific bond from its rate book rather than as a percentage of the bond amount — $100 is the price you see and the price checkout charges, the same for every applicant.

Do I pay the $300? ▾

No. You pay the $100 premium. The $300 is the surety's maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.

Who requires this bond? ▾

The City of Caribou requires it as a condition of its local pawnbroker license. Maine lets municipalities license and regulate pawnbrokers under 30-A M.R.S. §3964-A, and Caribou sets the bond and license terms through the City Clerk's office.

Is there a credit check? ▾

The application has no credit section at all, so most applicants never see one. If our carrier ever runs a check on a bond like this, it's a soft pull that won't affect your credit score.

When does it renew? ▾

The bond must stay active for as long as you hold the license. You can buy a 1, 2, or 3-year term; we send renewal notices 60 and 30 days out, with autopay available, so your license never lapses over a missed email.

Related bonds

Other Maine bonds.

Finish your Caribou license checklist today.

$100 flat, five-minute application, bond often issued in the same sitting. Free until issued.

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Your price$100

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