Iowa — City Of Ottumwa Pawnbroker Bond
Ottumwa requires a $2,000 surety-company bond filed with the City Clerk before issuing a pawnbroker license. It backs local compliance and specific stolen-property obligations. Apply through The Southern Agency with the operator and city application details ready.
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- Recorded state
- Iowa
- Category
- Professional & occupational licenses
What this bond does
Section 22-136 conditions the security on compliance with Chapter 22 and payment of fines, costs or penalties for noncompliance. The obligation is for Ottumwa licensing, not a general Iowa business authorization.
- Who needs it
- Pawnbrokers and other persons taking actual possession of personal property as security for loans within Ottumwa, with or without a mortgage or bill of sale, as described in Section 22-134.
- Who it protects
- The condition includes damages arising from taking stolen goods in pledge or purchasing them. If the goods remain, it calls for return to the owner; if sold so they cannot be returned, it calls for payment of their value, with the owner’s recovery costs and charges.
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
- City of Ottumwa: Pawnbrokers (opens in a new tab)Checked October 21, 2026
- Ottumwa Code Chapter22, Article V: pawnbrokers (opens in a new tab)Checked October 21, 2026
Have these ready
- City Clerk paper application and exact operator/premises identity.
- $2,000 request, accepted recipient/form, and required dates.
- Issued-document execution and city filing instructions.
- Operational purchase, pledge, redemption and disposition records kept separately.
Questions about this bond
Is the city bond filed before or after license issuance?
Section 22-136 says the applicant files it with the City Clerk before any license is issued. Buying it without completing that city step is not license approval.
What happens to stolen goods under the bond condition?
It addresses return if the goods remain, their value if sold and unavailable for return, and damages plus recovery costs as stated in the clause. It is not a general inventory insurance policy.
Can I assume a one-year bond from the city’s licensing references?
The public option supplies no term, and the pawn-bond clause does not state a fixed period. Use the accepted instrument and current City Clerk directions.