1 (800) 308-4358

Iowa
City of Sioux City Pawn Broker and Precious Metals License Bond

400,000+ Bonds issued to 250,000+ satisfied customers.

Coverage Amount: $10,000
Term Length: 1 year
Cost: $100
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Sioux City Pawnbroker or Precious Metals License Bond Guide

If you’re applying for a pawnbroker or precious metals license in Sioux City, you’ll likely need this surety bond. 

Bond Overview

  • Purpose: To provide financial recourse for any customers harmed by a fraudulent business owner
  • Who Needs It: Pawnbrokers and metals dealers seeking a license in Sioux City, IA
  • Regulating Body: The City of Sioux City
  • Required Coverage: $10,000
  • Premium Rate: $100 for a 1-year term

Learn all about the bond requirements and process in this guide.

What Is a Sioux City Pawnbroker Bond?

Sioux City, Iowa pawnbroker and precious metals license bonds ensure that business owners comply with government regulations and protect clients interests and securities. 

The City of Sioux City requires a $10,000 bond as a licensing requirement for pawnbrokers and transient dealers of precious metals, gems, or coins.

How Much Do Pawnbroker or Precious Metals Dealer Bonds Cost in Sioux City, IA?

A $10,000 Sioux City pawnbroker or precious metals dealer bond costs a flat rate of $100 for a 1-year term. Or, you can save 25% by selecting a multi-year term. 

Click below to buy your bond in minutes!

Bond Type
$10,000City of Sioux City Pawn Broker and Precious Metals License Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

How Do I Get My Bond?

With SuretyBonds.com, you can buy your Sioux City pawnbroker and precious metals or gems dealer license bond instantly online. Just enter your information and checkout in minutes. 

We’ll email you the bond shortly after purchase. Be sure to file the bond with the City of Sioux City as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a Sioux City Pawnbroker and Precious Metals License Bond Work? 

A pawnbroker bond creates a legal contract between three parties: 

  1. Principal: You, the pawnbroker or transient metals dealer filing the bond
  2. Obligee: The City of Sioux City requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding local ordinances and license regulations. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your pawnbroker or precious metals dealer bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date. 

More Resources

Call 1 (800) 308-4358 to talk with a Surety Expert

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