STATUTES & RULES: Title 59 O.S. §§ 1501-1515 - Oklahoma Pawnshop Act
Oklahoma Administrative Code: Title 160, Chapters 1,3,5,15 (Click link and select "VIEW CODE", then Title 160 Department of Consumer Credit)
DESCRIPTION: This license allows a business to take goods of value on receipt from the public, making loans against them as security. The goods are then held for a fixed length of time for the buyer to repurchase, or then may be sold outright.
TIME FRAME TO ISSUE: The approval process for this license requires up to 60 days to complete.
FEES: The fees for this license include: a $325.00 one-time investigation fee, a $240.00 license fee and a $400.00 examination fee of books and records.
LICENSING PERIOD: This license is valid for one year, beginning on January 1st. Click here to download the application and instructions.
LICENSING RENEWAL: This license may be renewed by submitting renewal documentation before December 1st each year.
Click here for the 2020 Renewal Form
PREREQUSITES: The business must have a surety bond of $5,000 per shop, and a reviewed financial statement showing at least $25,000 in net assets.
2019 Composite Annual Report (2018 Calendar Year)
Oklahoma Pawnbrokers Association Website
Pawn Rate Chart