City of Pontiac pawnbroker bonds.
$100 flat.
The City of Pontiac requires every pawnbroker and secondhand dealer to file a $3,000 surety bond as a condition of its city license. Ours is $100 flat — the price you see is the checkout price. The bond issues the moment you pay — no credit check.
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How much does a City of Pontiac pawnbroker bond cost?
$100 at the $3,000 amount, the same for every applicant.
Three steps. One sitting.
City license bonds are 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. Most applications approve instantly.
Pay & e-sign
Small fixed-amount license bonds like this issue right after purchase.
File with the City of Pontiac
Your executed bond and power of attorney arrive by email, ready to file with the City of Pontiac Clerk with your pawnbroker / secondhand dealer license. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
A pawnbroker / secondhand dealer bond is a consumer- and law-enforcement protection guarantee. As a pawnbroker you take in property as collateral and resell secondhand goods — the City of Pontiac wants a financial backstop that you'll keep proper records, return pledged property, and follow the city's licensing rules.
It's a three-party arrangement: you (the principal), the surety carrier, and the City of Pontiac (the obligee), with your customers and the public as the protected parties. If a dealer violates the licensing ordinance or wrongfully keeps a customer's pledged property, a harmed party can recover against the bond.
The bond must stay active for as long as you hold the city license. Let it lapse and the City can suspend or decline to renew — so we track it and notify you 60 and 30 days out, keeping your $3,000 filing continuous.
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 $3,000 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 of Pontiac. Your executed bond and power of attorney arrive by email, ready to file with the City of Pontiac Clerk with your pawnbroker / secondhand dealer license. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $100 at the $3,000 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 Michigan bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your Pontiac license checklist today.
$100 flat, no credit check, bond often issued in the same sitting. Free until issued.