New Mexico Pawnbroker Bonds
New Mexico Pawnbroker Bond Information
A Pawnbroker Bond is a license and permit surety bond required as part of the state or local business licensing process in order to legally operate a pawn shop. The surety bond ensures that the pawn shop complies with government regulations related to managing the daily activities of the business. Claims typically result from violations of guidelines pertaining to handling customers’ collateral or the amount of interest charged.