Pawnbrokers operating in Miami-Dade need a state Florida Pawnbroking Act license under FL Statute 539.001, a county Local Business Tax Receipt, and must report every pledge to MDPD via LeadsOnline within 24 hours of the transaction.
Florida's Pawnbroking Act (FL §539.001) is one of the strictest in the nation. Pawnbrokers must obtain a state license from the Department of Agriculture and Consumer Services, post a $10,000 bond per location, and cap monthly service charges at 25 percent of the loan. Pledged items must be held 30 days from the maturity date before resale. Miami-Dade requires daily electronic reporting through LeadsOnline and a Local Business Tax Receipt under Chapter 8A. Pawn shops also fall under MDPD's secondhand-dealer enforcement and are routinely audited for stolen property.
Operating without a state pawnbroker license is a third-degree felony under FL §539.001. Failing to report transactions or selling within the hold period leads to license revocation.
See how Miami-Dade County's pawnbrokers rules stack up against other locations.
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