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Florida Pawnbroker Bonds

What is a Florida Pawnbroker Bond?

Pawnbroking businesses licensed to operate in the state of Florida must furnish a surety bond to the State of Florida, Department of Agriculture and Consumer Services as the obligee requiring the bond. The penal sum of the surety bond is $10,000 and it is for the use and benefit of any consumer who is damage financially as a result of the bonded principal's fraud, misrepresentation, breach of contract, financial failure, or violation of sections 539.001 – 539.003, Florida Statutes, the Florida Pawnbroking Act.

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