Bloomington, IN Business Licensing & Operations: Pawnbrokers (2026)

18 defines "pawnbroker" by reference to Indiana Code 28-7-5-2 and requires a written application to the city controller stating the applicant's name and residence, or, for a partnership, association or corporation, the name and residence of every member or officer, plus the address of every place of business. 020 requires the application to include a copy of the applicant's completed state pawnbroking license application filed with the Indiana Department of Financial Institutions and a copy of the resulting state license; once complete, the city issues a pawnbroker license for that calendar year and keeps a record of it in the controller's office.

As a licensing condition, every applicant must agree that if the pawnbroker receives merchandise that turns out to be stolen, the pawnbroker claims no right, title or interest in it and will voluntarily surrender it to a law enforcement officer with probable cause to believe it is stolen, once given a receipt. 050 requires reporting each pledged or received article to the Bloomington Police Department within two business days, including a description, serial numbers, and the pledger's identification and date of birth, transmitted electronically at no charge to the licensee.

060 requires the pawnbroker to hold acquired property intact for at least seven days, subject to the pledger's right to redeem it at any time on payment of the loan, interest and storage fees.