Worcester, MA — Pawnbroker Bond
Worcester’s posted pawn-licensing checklist calls for a $300 bond, matching Massachusetts General Laws 140, Section 77. The undertaking runs to the City for faithful performance of the licensed business’s duties. The Southern Agency’s listing is for that pawn security—not a general secondhand-shop credential or property-insurance policy.
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- Recorded state
- Massachusetts
- Category
- Professional & occupational licenses
What this bond does
Section 77 calls for filing the $300 instrument with the licensing authority when receiving the licence, with approved sureties and faithful-performance conditions. The City’s checklist supplies the local application context; the accepted form still controls principal and execution details.
- Who needs it
- The applicant conducting pawn transactions in Worcester. Section 76 covers loans against deposited personal property and purchases on condition of selling it back, within its stated scope. Do not assume an ordinary outright resale transaction or a similarly titled secondhand application establishes the pawn request.
- Who it protects
- The statutory undertaking runs to the City and secures faithful performance of duties and obligations of the licensed business. That does not establish an automatic private payout for every lost article or replace the applicant’s responsibility for lawful operations.
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
- Worcester Police: posted Pawn Brokers License checklist/application packet (opens in a new tab)Checked October 21, 2026
- MA Legislature: current Chapter140 Section77, bond provision (opens in a new tab)Checked October 21, 2026
- MA Legislature: current Chapter140 Section76, covered deposited-property activity (opens in a new tab)Checked October 21, 2026
Have these ready
- Actual Worcester pawn applicant/entity, business style and premises.
- Property/rental, zoning/Health/Code and City tax-release steps from the applicable checklist.
- Business-certificate applicability, including corporation/DBA exception.
- City recipient, $300 instrument, approved surety/execution and accepted dates; renewal instructions separate from April 30 licence expiry.
Questions about this bond
Is the $300 item a general property-insurance policy?
The statute identifies a $300 bond to the City conditioned on faithful performance of the licensed business’s duties. The checklist’s “Insurance Bond” wording should not be treated as proof of broad property cover or automatic customer compensation.
Does an outright secondhand purchase establish the pawn request?
Not by itself. Section 76 concerns specified loans against deposited property and conditional purchase/sell-back transactions. Match the actual activity and Worcester pawn request even though the published packet includes a secondhand-articles application.
Does April 30 licence expiry make this an annual bond option?
No. That is the posted licence date, not a supplied term label for this option. Follow the City’s renewal instructions and confirm continuation or accepted replacement paperwork and dates before applying.