Indiana
Pawnbroker License Bond

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

Coverage Amount: $50,000 - $200,000
Term Length: 1 year
Price Varies
Most Bonds Processed In 24 Hours Or Less
Email Delivery

Purchase your bond today and we'll email your bond directly to you. No shipping required.


Best Prices

We shop the top surety markets to find you the best rate.


Secure Checkout

Backed by SSL, our online bonding process is secure. We are committed to your privacy.

Indiana Pawnbroker License Bond Guide

Pawnshop owners in Indiana need a surety bond for licensing. Learn how to navigate the bonding process with this guide.

Bond Overview

  • Purpose:To ensure that pawnbrokers operate honestly
  • Who Needs It: Pawnshop owners in Indiana
  • Regulating Body: The Indiana Department of Financial Institutions
  • Required Coverage: $50,000-$200,000
  • Premium Rate: Credit-based, starting at $500

What Is an Indiana Pawnbroker License Bond?

A pawnbroker license bond is required by the Indiana Department of Financial Institutions as financial security. 

This bond protects Indiana pawnshop customers and the state from harm if a broker acts unethically or breaks the law.

How Much Do Pawnbroker License Bonds Cost in Indiana?

$50,000 Indiana pawnbroker license bonds start at $500 for qualified applicants. However, your exact premium may vary based on your personal credit score. 

You may be eligible for a multi-year discount to save 25% on your premium. Apply now to get a personalized quote.

Bond Type
$50,000-$200,000Pawnbroker License Bond$50,000 per location up to $200,000

How Does an Indiana Pawnbroker License Bond Work?

A pawnbroker bond is a legal agreement between three parties:

  1. Principal: The pawnbroker purchasing the bond
  2. Obligee: The Indiana Department of Financial Institutions (IDFI) requiring the bond
  3. Surety: The provider issuing the bond

As the principal, you must uphold Indiana Code 28-7-5. For example, you are responsible for paying all taxes and fees owed to the IDFI, protecting customer collateral, and operating honestly. 

If you break the bond terms, the surety will pay out valid claims up to the full bond amount. You are then responsible for reimbursing the surety.

Who Needs a Pawnbroker License Bond?

Anyone applying for a pawnbroker license in Indiana needs a $50,000 surety bond. If you own multiple locations, you’ll need $50,000 coverage per location up to the $200,000 maximum.

How Do I Get a Pawnbroker License Bond in Indiana?

SuretyBonds.com offers the fastest and easiest way to get your pawnbroker license bond in Indiana. Follow these quick steps to purchase your bond:

  1. Apply for a free quote
  2. Sign the electronic indemnity agreement
  3. Purchase your bond online or over the phone

How Fast Can I Get My Bond?

You’ll receive your quote within one business day or less. We process most bonds same-day and email them minutes after checkout.

Can I Get Bonded With Bad Credit?

Yes, you can still get bonded as an Indiana pawnbroker even with bad credit. However your personal credit score may impact your premium. Apply today to get started.

How Do I Renew My Pawnbroker License Bond?

This bond expires in one year. When you work with SuretyBonds.com, we’ll send you renewal reminders in advance — just pay the renewal invoice.


As long as you continue to renew, this bond remains continuous until cancelled. The surety can cancel the bond by providing 30-day’s written notice to you and the Department of Financial Institutions. 

How to Become a Pawnbroker in Indiana

The Department of Financial Institutions oversees pawnbroker licensing in Indiana. To apply, gather the following items:

  1. Pawnbroker license application
  2. $1,000 application fee 
  3. Surety bond
  4. 3 reference letters
  5. Applicable supporting documents

Submit these documents to the IDFI in one of the following ways:

  • By Mail: 30 South Meridian Street, Suite 300 Indianapolis, Indiana 46204-2759 
  • By Secure Email: [email protected] 

You must mail the application fee separately if you apply via email.

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