For
the regulations covering Pawnbroker Bonds in California, are you a Start-Up Pawnbroker
Business or an Established Pawnbroker Business? START-UP
BUSINESS or ADDITIONAL LOCATION OF ESTABLISHED BUSINESS
When you begin a new pawnshop,
or open an additional location for an existing shop, California State
law requires you to furnish proof of $100,000 in liquid assets OR furnish
a bond for $100,000. This bond does not have to be renewed when your
term expires. Also, you must have a $20,000 bond which must be renewed
every two years when you renew your State Pawnbroker License. The bond(s)
effective date must be the same as on your State License and run concurrently.
Recent personal and business financial statements are required to obtain
the $100,000 bond.
Filing Directions & Application for $100,000
bond Filing Directions & Application
for $20,000 bond ESTABLISHED
BUSINESS
All pawnbrokers must have
a $20,000 bond which must be renewed every two years when you renew
your State Pawnbroker License. The bond(s) effective date must be the
same as on your State License and run concurrently.
Filing Directions & Application for $20,000
bond RELATED
BONDS The following bonds are also available to pawnbrokers:
Motor
Vehicle Dealer Bond Sales Tax Bond Finance Lender Bond
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