Pennsylvania — Pawnbroker Bond
Pennsylvania’s pawnbroker license bond is $2,000 for each place of business. It backs the licensed pawnbroker’s duties under the Pawnbrokers License Act and is written to the Commonwealth—not to the shop’s customers individually. Apply through The Southern Agency with the legal licensee, exact premises and Department/NMLS file ready.
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- Recorded state
- Pennsylvania
- Category
- Professional & occupational licenses
What this bond does
Satisfy the license security in §5 of the Pawnbrokers License Act. A separate bond accompanies each place-of-business application; one company-wide undertaking should not be assumed to cover every shop. The surety must be authorized to transact business in Pennsylvania.
- Who needs it
- Individuals or entities subject to the State’s pawnbroker licensing law, including lending against pledged personal property and purchases made with an agreement or understanding to sell the property back later. An outright secondhand purchase alone does not establish that this is the right license.
- Who it protects
- The condition backs compliance with the Act and Department rules and payment of moneys owed under the Act to the Commonwealth, Department or qualifying persons. It is not automatic compensation whenever a customer complains. Section 5 describes a private action after judgment and execution, with the Secretary’s assent.
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
- Pennsylvania Pawnbrokers License Act: §§2–7 and30 (opens in a new tab)Checked October 22, 2026
- Pennsylvania Department of Banking and Securities: pawnbroker licensing (opens in a new tab)Checked October 22, 2026
- Department published Pawnbroker Bond, Form3-FA-14.1 (opens in a new tab)Checked October 22, 2026
- Pennsylvania Department: non-depository licensing routes (opens in a new tab)Checked October 22, 2026
Have these ready
- Legal pawnbroker licensee and the particular shop’s county, municipality and full premises address.
- Separate licensing/financial file for each location, including the $2,000 Commonwealth instrument and authorized surety.
- Current Department/NMLS accepted instrument, actual effective date and annual renewal/refiling directions.
- Any applicable separate municipal license, without substituting it for the State application.
Questions about this bond
Can one bond cover all my Pennsylvania stores?
Do not assume so. Sections 5 and 7 require separate financial security and licensing for each place of business. Identify the location this purchase is meant to support before completing it.
Why is a buyback arrangement relevant?
The Act includes purchases made with an express or implied understanding to sell the property back later, as well as loans secured by pledged goods. Describe the actual transaction; calling it a secondhand sale does not decide its licensing treatment.
Does an indefinite form eliminate annual renewal?
No. The public Department form has continuing wording, while §5 separately calls for annual renewal/refiling by October 1. Follow current Department/NMLS instructions for maintaining the licensing and financial evidence; neither provision establishes the term offered by this unlabeled choice.
Will Purchase Now complete my State license?
No. It opens Propeller’s application. The Department directs pawnbroker licensing to NMLS, and any applicable municipal licensing remains separate. Match the issued document to the current NMLS filing directions rather than assuming the older paper form must be mailed.