Bothell, WA Business Licensing & Operations: Pawnbrokers (2026)

Section 5.28.020 of the Bothell Municipal Code makes it unlawful for any person, firm or corporation to engage in the business of pawnbroker or secondhand dealer without first obtaining a license. A pawnbroker is anyone who takes goods or personal property by pledge, pawn or exchange as security for money loaned, who loans money on deposited personal property, or who publicly displays a sign indicating that money is available on personal property (5.28.010).

The pawnbroker applies to the city clerk with the fee, stating a true name (the applicant must be at least 18) and the names of everyone with a financial or proprietary interest in the pawnshop. The Bothell police department investigates and recommends (5.28.030). The city manager decides whether the applicant is fit and proper. A denial comes in writing with reasons and notice of the right to appeal to the city council, which holds a hearing on at least 10 days' notice, finds from a preponderance of the evidence, and issues a final decision. Fees are set by city resolution, are payable December 31st before the license year, and are prorated quarterly (5.28.040). Renewal requires proof of a property return to the King County assessor and payment of the tax due (5.28.050).

On the loan side, pawnbrokers can charge and receive interest at three percent per month on money loaned against personal property actually received in pledge (5.28.100). Anyone who asks for or receives a higher rate or discount, including on an actual or pretended sale or redemption, violates the chapter. So does selling property held for redemption within 90 days after the redemption period has expired.

A bound record is required for every loan: date, who conducted the transaction, the customer's printed name, signature, age, address, description and ID number, the owner's name and address, a description of the property with maker and serial number where marked, the amount loaned, and the pawn ticket number (5.28.060). Records and pledged articles are open to inspection by the chief of police. Pledgors sign their true name and correct address (5.28.080), and a full weekly transcript goes to the chief of police (5.28.090).