Pawn Brokers - State-required license regardless of city/county license Last updated 05/11/2021

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Fees

License Fee Description Exemptions
$350.00
None
$500.00
None

Description

Persons lending money at more than 10% per annum and taking possession of pledged personal property are required to be licensed by the State of Oregon as a pawnbroker. Pawnbrokers may not take vehicles required to be registered with the DMV, securities, or other similar items as pledges.

Duration

One year

Renewal Information

Due by December 15 each year.

Duplicate License Requirements

None

Processing Time

Processing Time Description
1 Month

Prerequisites and Requirements

Prerequisites

Listed on application form.

Required Documentation

Listed on application form.
Annual report due: January 15 of each year

Examination Information

None

Continuing Education Requirements

None

Bonding Requirements

$25,000 Surety bond or letter of credit.

Insurance Requirements

None

Additional Information

Other Information

Web address: https://dfr.oregon.gov/business/licensing/financial/Pages/pawnbrokers.aspx

Overnight mail address:
350 Winter St NE, Room 410
Salem, OR 97301-3881

Statutes, Administrative Rules, Ordinances

Other Detail Information

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