Indiana — Pawnbroker Bond
Indiana DFI’s currently linked pawn application calls for $50,000 in surety security per location, up to $200,000. The Southern Agency’s listing is for that State licensing document. Have the actual applicant and location count ready—not just the name of a single shop.
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- Recorded state
- Indiana
- Category
- Professional & occupational licenses
What this bond does
The packet’s instrument runs to the State of Indiana, Department of Financial Institutions. It addresses specified regulatory amounts and DFI-determined borrower/consumer losses from the principal’s failure to comply with Indiana law, including the Pawnbroking Law.
- Who needs it
- The legal pawn-license applicant and its Indiana locations. Main and branch applications are separate DFI documents; opening or moving a shop should not be treated as automatically covered without the Department’s required approval and correct financial-security amount.
- Who it protects
- The form covers the stated DFI expenses, fines and other lawfully due amounts, plus borrower/consumer loss or damage determined by DFI to result from legal noncompliance. Its aggregate limit applies across all claims/claimants—not a fresh limit for each borrower or pawned item.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
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
- Indiana DFI: current Consumer Credit Licensing routes (opens in a new tab)Checked October 21, 2026
- Indiana DFI: currently linked pawnbroker packet and embedded surety form (opens in a new tab)Checked October 21, 2026
Have these ready
- Legal pawn applicant, dba and Indiana location count for the $50,000-per-location/$200,000-cap request.
- Current DFI main/branch request and direct-return instructions, not an assumed NMLS route.
- Separate manager/financial qualification, sample transaction documents and pawned-property insurance evidence.
- DFI recipient, accepted dates/continuation and complete signature/power-of-attorney/surety-contact package.
Questions about this bond
Does one $50,000 sum automatically cover every branch?
Do not assume so. DFI’s application uses $50,000 per location, capped at $200,000, and new locations require Department approval through the branch process. Match the actual licensee/location count and accepted instrument.
Does the two-year residual clause make this a two-year purchase option?
No. It addresses expiration of surety liability after licence surrender, revocation or expiration if the instrument was not previously terminated as specified. It is not a supplied term label or authority to keep operating without a licence.
Does purchasing this establish the required financial qualification or pledged-property insurance?
No. DFI separately reviews financial information and manager experience and asks for property/casualty insurance evidence for pawned items. Those are distinct from the form’s specified regulatory and DFI-determined consumer-loss protection.