Woonsocket, RI — Pawnbroker Bond
Rhode Island’s pawnbroker law sets a $2,000 license bond delivered to the city or town treasurer. For a Woonsocket application through The Southern Agency, start with the applicant’s legal name and the city’s accepted form.
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- Recorded state
- Rhode Island
- Category
- Professional & occupational licenses
What this bond does
Section 19-26-3 conditions the bond on compliance with the Pawnbrokers chapter and payment of costs and damages caused by its violation. The bond comes before license issuance.
- Who needs it
- Woonsocket pawnbroker license applicants matching their business identity and location to the municipal licensing request.
- Who it protects
- The statutory undertaking addresses costs and damages from violations of the pawnbroker chapter. Separate fines or penalties do not remove liability on the bond; it is not an automatic promise to pay every disputed 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
- Rhode Island General Laws §19-26-3: pawnbroker license bond (opens in a new tab)Checked October 21, 2026
Have these ready
- Legal applicant name, shop address and Woonsocket license/application reference.
- Current city-accepted form, surety/execution instructions and treasurer wording.
- Required $2,000 sum and effective dates.
Questions about this bond
Is the bond sent to a state licensing office?
Section 19-26-3 directs it to the city or town treasurer. Use Woonsocket’s current municipal delivery instructions.
Can I assume the surety signature requirements?
No. The statute includes local council acceptance and specific surety provisions. Establish the city’s accepted form and execution before proceeding; this page does not certify a particular signature structure.
Can I arrange the bond after the license is issued?
The statute requires the bond before issuance. Allow for bond review and municipal filing in your licensing preparation; purchase alone is not a license.