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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.
RELATED
BONDS
The following bonds are also available to pawnbrokers:
Motor Vehicle Dealer Bond
Sales Tax Bond
Finance Lender Bond