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OKDOCC License Application Oklahoma Pawnbroker License Application

OKDOCC License Application Oklahoma Pawnbroker License Application 2025

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The document outlines the fee structure and application process for obtaining a Pawnbroker License in Oklahoma, effective July 1, 2009. It details the required fees, including investigation and license fees, as well as the necessary documentation such as affidavits verifying lawful presence in the U.S., surety bonds, and financial statements. Additionally, it emphasizes compliance with House Bill 1804 regarding immigration status for applicants. The document serves as a comprehensive guide for individuals or businesses seeking to apply for or renew a pawnbroker license.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How much does it cost to open a pawn shop?

In general, pawnshops dont require a significant amount of startup capital to open. Some owners open their pawnshop for as little as $10,000. But you should invest significantly more than that to keep your business secure and growing. Youll need capital for your initial costs and ongoing expenses.

What is the pawn law in Georgia?

(A) During the first 90 days of any pawn transaction or extension or continuation of the pawn transaction, a pawnbroker may charge for each 30 day period interest and pawnshop charges which together equal no more than 25 percent of the principal amount advanced, with a minimum charge of up to $10.00 per 30 day period.

What do you need to open a pawn shop?

Get Financing for Your Pawnshop Location costs (commercial lease or mortgage) Any necessary renovations. Initial capital to offer loans and inventory to sell. Utilities. Business registration and licensing. Insurance premiums. Security system. Staffing and payroll.

Do pawn shops have a FFL license?

In order to legally buy and sell firearms as a pawnbroker, you must have a federal firearms license. While it would be assumed that any pawnbroker buying firearms holds the necessary licenses, this isnt always the case.

Who regulates pawn shops in Texas?

The pawnshop is licensed and examined under Texas law by the Office of Consumer Credit Commissioner (OCCC), a state agency. If a complaint or question cannot be resolved by contacting the pawnshop, consumers can contact the OCCC to file a complaint or ask a general credit-related question.