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South Carolina bonds

Horry County, SC — Pawnbroker Bond

Horry County’s published Code calls for a $1,000 pawnbroker bond in the County’s favor, filed with and approved by the County Clerk of Court. Its local definition also includes certain secondhand buying, selling and trading—not just pawn loans. Match The Southern Agency’s County option to the actual County licensing request rather than substituting a State-level instrument.

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Recorded state
South Carolina
Category
Professional & occupational licenses

What this bond does

Section 12.5-22 makes the filing a condition of receiving the County pawnbroker license and secures faithful performance of the licensed business’s duties and obligations. The principal is the licensed person, firm or corporation. The Code permits two responsible sureties or a surety company licensed in South Carolina; this purchase route is a commercial surety application.

Who needs it
The applicant for Horry County’s pawnbroker license, with the actual premises and business activities identified. Section 12.5-16 includes loans secured by personal property, purchases with an agreed sell-back price, and specified secondhand buying, selling or trading with the public. Do not assume that outright purchases automatically take the business outside this local definition.
Who it protects
The County condition secures the licensed business’s duties, and § 12.5-23 provides a court-controlled claim route for a person or business harmed by pawnbroker misconduct. The claimant must obtain judgment, have execution returned wholly or partly unsatisfied, and receive the court’s permission to sue on the bond. A complaint by itself is not automatic payment.

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.

Keep the County filing distinct from other licenses

The published County provision specifies a $1,000 penal sum in the County’s favor and approval by the County Clerk of Court. Do not replace that local condition or recipient with a different State application merely because both concern pawnbrokers. Section 12.5-17 separately calls for the appropriate State and local licenses and certificates.

The public option has no amount or term label. Compare the actual County-accepted instrument and licensing instructions before completing it; the County licensing cycle does not establish a purchase term or cancellation-notice period here.

Describe the shop’s real transactions and premises

The County’s definition is broader than a loan-only pawn business. Explain whether the shop makes secured loans, purchases with a stipulated sell-back arrangement, buys goods outright, trades or accepts consignments. The Code’s record provisions distinguish purchased goods and describe transaction, item-identification and customer-identification records.

The definition lists books, clothing, furniture and items that normally lack a unique serial or identification number as exceptions from mandatory reporting. That wording is not a blanket exemption from licensing for every shop handling those goods.

Section 12.5-18 identifies Horry County Public Safety as the pawnbroker application and licensing office, using County-approved forms and an investigation before approval. Prepare the applicant information, exact proposed address and intended employee count. The County’s general Business License office separately describes its unincorporated-area revenue licensing service; do not treat a general application or a County address alone as the completed pawnbroker approval.

Match the County request before using the purchase option

Have the licensed principal, legal business name, actual premises and current County-accepted condition ready. Confirm the County recipient, $1,000 sum, required effective date and any current execution instructions with the Clerk’s filing request. Follow the County’s accepted business application for the separate Public Safety licensing decision.

Purchase Now opens Propeller in a new tab. Check that application against the actual County request before completing it, then deliver the issued document as the County directs. Purchasing does not complete the Clerk’s approval, the Public Safety investigation or other applicable licensing.

Sources

Have these ready

  1. Legal licensed applicant and any trade name, exact premises and the shop’s actual loan, purchase, trade or consignment activities.
  2. County-approved pawnbroker application, applicant information and intended employee count for Public Safety.
  3. Actual County Clerk of Court request with County recipient, $1,000 faithful-performance condition, effective date and execution instructions.
  4. Appropriate State/local credentials and knowledge of the shop’s transaction/identification record procedures; no customer records need be sent through this listing.

Questions about this bond

Does this only apply to shops making pawn loans?

The published County definition is broader. It also addresses stipulated-price sell-back purchases and specified secondhand buying, selling or trading with the public. Describe the actual shop activity and obtain the County’s classification instead of assuming outright purchases are exempt.

Who receives the County document?

Section 12.5-22 says it is in the County’s favor, filed with and approved by the County Clerk of Court. The pawnbroker license application is separately directed to County Public Safety. Do not substitute a different State filing or treat a general revenue license as the whole pawnbroker process.

Does a customer complaint automatically produce payment?

No. The published County claim provision describes a judgment for misconduct, wholly or partly unsatisfied execution, and court permission for an action on the bond. Its existence is not a guarantee that every complaint or loss is payable.

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