Pawnbroker License
The County Clerk receives and approves applications
for Pawnbrokers and title Pledge Lenders. The eligibility process for such
a license is established in the State Code.
The law requires that the license be obtained from the County Clerk in
the county where the establishment is to be operated.
Procedures for Pawnbroker Application
- Complete Application / Petition
- Obtain a CPA's unaudited statement
regarding assets.
(Must have $75,000 readily available to
use in business)
- Obtain Certificate(s) of good
moral character from law enforcement agency for each person
listed in petition
- Proof of good moral character
(citizen certificate and oath - part of petition) for each person
listed
- Submit fee of $50.00 in certified
funds or cash payable to the County Clerk. This fee is not refundable
- Applicant must purchase a business
license (Class III, Code 5932) and submit a catastrophe insurance
policy on contents and/ or pledged pawn stubs - payable to County
Clerk Bill Knowles (as loss payee).
License
Application Petition for Pawnbroker's License
