The City of Midvale requires every pawn shop and secondhand dealer to post a $1,000 bond before it issues or renews the license. Ours is $275 flat — the minimum premium — with no credit check.
















License bonds are the simplest thing in surety. Here's the entire process:
Business details and an effective date. No financials, no credit check section.
License bonds like this issue right after purchase for most applicants. At most, 1–2 business days.
Your executed bond and power of attorney arrive by email, ready to file with your Midvale business license application or renewal. Wet-ink original mailed on request.
$1,000 bond × 3% = $30, but the $275 minimum applies, so it is $275 per term. Fixed amount, fixed price, multi-year if you want it.
A pawn / secondhand dealer bond is a compliance and consumer-protection guarantee. Pawn shops and secondhand dealers handle goods that may be stolen, so Midvale wants a financial backstop that you'll follow the rules — reporting transactions, documenting goods, holding periods, and refusing stolen property.
It's a three-party arrangement: you (the principal), the surety carrier, and the City of Midvale (the obligee), with the public protected. If you violate the city's pawn and secondhand ordinance, a harmed party or the city can recover against the bond.
No bond, no license. Midvale won't issue or renew the license without it, so we issue the executed $1,000 bond ready to file and track renewals so your license stays current.
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.