What Are State Licensing Requirements?
All states require licenses, but requirements vary from simple registrations to extensive background checks.
What are common requirements?
Most require specific pawn licenses, background checks, surety bonds ($5,000-$50,000), and detailed record-keeping.
How much do licenses cost?
State licenses: $100-$1,000 annually. Local licenses: $100-$5,000. Bonds: $500-$2,000 annually.
What disqualifies applicants?
Felony convictions (especially theft/fraud), recent misdemeanors, license revocations, and poor credit in some states.