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Does a South Carolina Pawnbroker Need a Bond?

A neon sign that says 'Loans'

Pawnbrokers in South Carolina must file an application for licensure with South Carolina Department of Consumer Affairs and obtain a surety bond in the amount of $15,000 for each business location. The bond ensures that business transactions will be conducted lawfully.

Applicants must complete the required application, pay the licensing fee, pass a criminal background check, obtain a surety bond, and obtain liability insurance.

Pawn shop business operators must post hours of operation and obtain a copy of a state-issued driver licenses or a federally issued ID for all pawn transactions.

Pawnbrokers are limited to loan amounts under $15,000.

How Much Will This Bond Cost?

The premium that you pay for a South Carolina Pawnbroker Bond is dependent on credit

Did You Know?

That the bond amount for a pawnbroker license was increased from $10,000 to $15,000 effective June 9, 2016.

Have Questions?

Contact our Surety Bond Specialists at:

Phone: 1‑844‑432‑6637
Emailinfo@suretygroup.com
Fax:     404-351-3237
Hours: 8:00-5:00 CST, Monday through Friday



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