Who needs a pawnbroker bond?
In the State of Virginia, Pawnbrokers are required to obtain a $25,000 Pawnbroker Bond to be in compliance with the Virginia Statutes.
What is the pawnbroker bond?
Pawnbroker bond guarantees compliance with law and regulations governing the operation of pawnbrokers business in the state in which the pawnbroker operates. A pawn broker essentially offers their customers high interest, short-term loans with items of personal property used a collateral. The surety bond guarantees that the pawn broker will not sell the personal item before the end of the contractual period, that they will honor the sell back price and interest cost agreed upon, and that they will not charge more interest than statutorily allowed.
The Virginia pawnbroker bond is also known as: Virginia pawn bond, secondhand dealer bond, pawn dealer bond, pawnshop dealer bond, and pawnshop bond.
What else do I need besides the pawnbroker bond?
Requirements are always subject to change, so it's best to consult the Virginia General Assembly, Legislative Information System for the most up-to-date information.
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Only Ashton Agency can provide you with:
Many companies offer the pawnbroker bond, but by contacting the Ashton Agency, you can be sure you'll be getting the best price available, not to mention our stellar customer service and insider knowledge of the industry. We've been helping dealers get bonded for more than 45 years. Let us put that experience to work for you today!
Call us now at (800) 451-4854 for a free quote and we will contact you within 24 hours. We can assist you over the phone to ensure you receive your bond quickly and easily!
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