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Colorado bonds

Englewood, CO — Pawn And Auto Pawn Broker Bond

Apply for your Englewood pawn or automobile pawnbroker bond through The Southern Agency. Have the city’s required sum and the license class for your business ready when you start.

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Recorded state
Colorado
Bond type
Pawnbroker Bond
Category
Professional & occupational licenses

What this bond does

Englewood’s pawn and automobile pawn chapters require licensing bonds for observance of the applicable chapter and safekeeping or return of pledged articles.

Who needs it
Businesses arranging the bond for an Englewood pawnbroker or automobile pawnbroker license. Match the form to the activity being licensed.
Who it protects
The security supports safekeeping and return of pledged property. The code also provides a bond remedy for a lawful owner whose lost or stolen property was accepted and sold by the broker.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Match the pawn license class

Ordinary pawnbrokers are addressed in Chapter 15; automobile pawnbrokers are addressed in Chapter 16. Each chapter has its own licensing conditions. The combined product name does not establish that a single instrument satisfies both licenses.

Both bond provisions leave the sum to a city resolution. Use the current city licensing instructions for the amount and form; do not copy an amount from another Colorado city.

Apply with the business and license details

Purchase Now opens Propeller in a new tab. Enter the business name, licensed premises, pawn activity and requested dates from your city application.

After issuance, review the bond against the city’s requirements and provide it with your licensing documents. The code separately requires fire and property damage insurance for property held by contract; keep that evidence separate from the bond.

Sources

Have these ready

  1. Legal business name and Englewood premises address.
  2. Pawnbroker or automobile pawnbroker license class and application reference.
  3. City-requested bond sum, form and effective dates.

Questions about this bond

Is this a secondhand dealer bond?

Englewood distinguishes pawnbrokers from secondhand dealers. Use your actual licensed pawn activity and the city’s bond request to select the instrument.

What sum does the code require?

Sections 5-15-4(C) and 5-16-4(C) say the city sets the sum by resolution. Follow the current licensing request for your amount.

Does the bond replace the property insurance?

No. Each chapter separately requires fire and property damage insurance for property held by contract. The bond secures the chapter and pledged-property duties.

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