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Wisconsin
City of Verona Pawnbroker Bond

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Coverage Amount: $500
Term Length: 1 year
Cost: $100
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City of Verona Pawnbroker License Bond Guide

If you’re applying for a pawnbroker license in Verona, Wisconsin, you’ll likely need this surety bond. 

Bond Overview

  • Purpose: To ensure pawnbrokers uphold local regulations
  • Who Needs It: All pawnbrokers operating in Verona, Wisconsin
  • Regulating Body: The City of Verona
  • Required Coverage: $500
  • Premium Rate: $100

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

What Is a City of Verona, WI, Pawnbroker License Bond?

A City of Verona, Wisconsin pawnbroker license bond protects pawn shop clients from potential fraud or theft.

The city requires all pawnbrokers to file a $500 surety bond for licensing as financial security. 

How Much Do Pawnbroker License Bonds Cost?

A $500 City of Verona pawnbroker license bond costs a flat rate of $100. Or, you can save 25% by selecting a multi-year term. 

Click below to buy your bond in minutes!

Bond Type
$500City of Verona Pawn Broker 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 City of Verona pawnbroker 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 it with the City as instructed. 

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

How Does a Verona Pawnbroker License Bond Work?

A pawnbroker license bond creates a legal contract between these three parties: 

  1. Principal: You, the pawnbroker filing the bond
  2. Obligee: The City of Verona requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of the Verona Code of Ordinances, Sec. 7-10-7. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your pawnbroker license 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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