Oregon — Pawnbroker Bond
Oregon calls for a $25,000 surety bond or qualifying irrevocable letter of credit with a pawnbroker application and continued maintenance afterward. This listing through The Southern Agency is the surety route. Match the licensed business and pawn location before applying.
Continue to our secure checkout partner, Propeller (opens in a new tab).
- Recorded state
- Oregon
- Category
- Professional & occupational licenses
What this bond does
ORS 726.070 secures compliance with the Pawnbrokers Act and the director’s rules, together with money owed to the State or protected persons under that chapter. Pawn lending against pledged property is different from buying used goods outright.
- Who needs it
- The individual or business applying for an Oregon pawnbroker license, using the ownership structure, registered name and location that match the Division of Financial Regulation application.
- Who it protects
- The instrument is to the State of Oregon for the State and people with a cause of action under the Pawnbrokers Act. It is an accountability obligation, not an automatic refund for every complaint or ordinary property insurance.
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
- Oregon Legislature: Pawnbrokers Act, ORS726.070 (opens in a new tab)Checked October 21, 2026
- Oregon DFR: pawnbroker application and included surety form (opens in a new tab)Checked October 21, 2026
Have these ready
- Exact legal applicant/ownership structure and Secretary of State name.
- Licensed pawn premises and any off-site pledged-property arrangements.
- DFR licensing packet and accepted $25,000 surety form, distinct from the letter-of-credit alternative.
- Issued applicant/surety execution and DFR’s accepted delivery and ongoing-maintenance instructions.
Questions about this bond
Must every applicant buy a surety bond?
ORS 726.070 permits either the $25,000 bond or a qualifying irrevocable letter of credit. This listing is for a bond; it does not supply the alternative banking instrument.
Does any complaint create an immediate payout?
No. ORS 726.070(2) describes an aggrieved person recovering judgment and having execution returned unsatisfied, wholly or partly, before an action on the security. The statute and instrument govern the remedy.
Can I stop maintaining security after getting the license?
No. ORS 726.070 requires the licensee to maintain it with the director. The form’s cancellation mechanism for future liability does not remove the licensee’s continuing obligation to maintain accepted security.