New Jersey — Pawnbroker Bond
New Jersey’s pawnbroker instructions call for $1,000 in surety coverage per location. When applying through The Southern Agency, identify the actual licensed business and whether the request concerns its main or branch office. The currently linked State form has a December 31 termination line—not a promise of twelve months from purchase.
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- Recorded state
- New Jersey
- Category
- Professional & occupational licenses
What this bond does
The instrument supports a New Jersey Department of Banking and Insurance pawnbroker application. The program covers lending against deposited/pledged property and purchasing property on a condition that it will be sold back, rather than ordinary outright secondhand purchases alone.
- Who needs it
- The individual, partnership or company seeking the pawnbroker license for the specified New Jersey office. The application name should match the business’s filed formation/trade-name records; a branch is identified separately from the principal office.
- Who it protects
- The actual form runs to the State of New Jersey for its use and for a person with a cause of action against the licensee under the New Jersey Pawnbroker Law. Its condition is to protect the State and such a person from that covered liability, within the stated $1,000 penal sum—not automatically reimburse every pledge loss.
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
- NJDOBI: current Pawnbroker License page and linked main/branch materials (opens in a new tab)Checked October 21, 2026
- NJDOBI: currently linked PBBOND811 (opens in a new tab)Checked October 21, 2026
- NJDOBI: currently linked main-office pawnbroker instructions (opens in a new tab)Checked October 21, 2026
- NJDOBI: currently linked branch-office instructions/application (opens in a new tab)Checked October 21, 2026
Have these ready
- Filed legal business/trade name and main-versus-branch location details.
- DOBI’s accepted State form, $1,000 per-location request, and exact licensee wording.
- Effective date and December 31 termination year agreed to the actual request.
- Separate pledged-property insurance and applicable main/branch licensing records.
Questions about this bond
Does the main office’s document automatically cover a new branch?
Do not assume that. DOBI publishes separate branch instructions/application and specifies $1,000 per location. Identify the branch and the principal license correctly in the current request.
Does the December 31 line mean twelve months from today?
No. The form has a separate effective-date blank and termination year. Confirm the actual dates rather than substituting a full twelve-month period; this option provides no term label.
Can the surety instrument replace the pledged-property policy?
No. The main and branch instructions separately call for liability/fire coverage for pledged property. The State form’s cause-of-action condition is different from that insurance.