Flint, MI — Pawnbroker Bond
For a Flint pawnbroker file, Michigan’s Pawnbrokers Act calls for $3,000 security to the licensing governmental unit before issuance. Keep the actual licensee and shop premises consistent with the City application. Apply through The Southern Agency with Flint’s accepted instrument and execution directions ready.
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- Recorded state
- Michigan
- Category
- Professional & occupational licenses
What this bond does
Support the local pawnbroker licence under MCL 446.202(4). The obligation is to the governmental unit in its corporate name—in this City file, the City of Flint—not automatically to the State of Michigan. The City approves the instrument.
- Who needs it
- The person, corporation or firm seeking to conduct pawn lending or purchases with an agreement to sell the property back at the designated Flint location. A precious-metal/gem-dealer or secondhand licence does not automatically exempt an operator from the separate pawnbroker law.
- Who it protects
- The $3,000 condition backs faithful performance of the business’s duties and payment of costs/damages from violations of the Pawnbrokers Act. It is not all-risk protection for the shop or automatic payment of every customer complaint. MCL 446.204 describes judgment and an execution returned wholly or partly unsatisfied before a private action on the bond.
Your bond option
This is the option on record for this bond.
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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.
Sources
- Michigan Pawnbrokers Act: MCL446.201–.204 (opens in a new tab)Checked October 22, 2026
- City of Flint Licensing Division: initial applications and renewals (opens in a new tab)Checked October 22, 2026
Have these ready
- Actual applicant and the particular Flint premises on the nontransferable local licensing file.
- City-accepted $3,000 instrument in the governmental unit’s corporate name, with the statutory surety wording and local approval addressed.
- Identification and current initial/renewal submission directions from the Licensing Division for this category.
- Actual financial dates, distinct from a general business calendar or an assumed one-year product.
Questions about this bond
Should I name the State or the City as recipient?
MCL 446.202(4) says the licensing governmental unit in its corporate name. For this Flint City file, use the City of Flint’s accepted wording; the fact that the requirement appears in State law does not make the State the obligee.
Does my secondhand or precious-metal licence cover pawn lending?
Do not assume that. MCL 446.201(2) expressly says those licences do not exempt a person from the Pawnbrokers Act. Describe lending against pledged goods and any buyback arrangement when identifying the proper licence.
Does one surety signature satisfy the State wording?
Do not assume it does. The statute specifies at least two sureties and local approval. Follow Flint’s accepted instrument and execution directions rather than treating another city’s document or the purchase screen as approval.
Does a customer complaint automatically produce a payment?
No. The Act’s private-action provision describes a judgment and an execution returned wholly or partly unsatisfied before an action upon the instrument. It does not promise automatic compensation or decide a particular dispute.