What Are Iowa Pawnbroker Bonds?
Iowa pawnbroker bonds, also known as secondhand dealer bonds, ensure that pawnshops follow government regulations and operate honestly. They protect public entities and consumers from financial harm if a pawnshop owner or secondhand dealer is fraudulent or noncompliant with Iowa licensing laws.
How Much Does a Pawnbroker Bond Cost in Iowa?
Iowa pawnbroker bonds cost a flat rate of $100 per year. All applicants qualify for the same rate – no credit check required. Plus, we provide the lowest rates on the market with no additional brokerage fees. Select the bond you need below to buy online now.
Save time and money by extending your bond term. Choosing a longer Iowa pawnbroker bond term now means you pay 25% less for your bond each year and skip the annual renewal process.
Who Needs a Pawnbroker/Secondhand Dealer Bond in Iowa?
Iowa has the following surety bond requirements for pawnbrokers and secondhand dealers:
- City of Sioux City Pawn Broker and Precious Metals License Bond
- City of Council Bluffs Second Hand Dealer License Bond
Iowa pawnshop bonds provide a financial guarantee that shop owners and dealers will follow licensing regulations. If you violate the bond terms, the surety provider will compensate the claimant up to the full bond amount.
How Do I Apply for an Iowa Pawnshop Bond?
With SuretyBonds.com, you can get your Iowa pawnshop bonds in minutes:
- Select the bond you need.
- Checkout instantly online.
- Receive your bond documentation via email.
Once you receive your bond, file it with the government licensing agency requiring the bond to become officially bonded.
