Pawnbrokers in Mobile must hold a city business license plus state pawnshop license under Alabama's Pawnshop Act, with capped interest rates, mandatory record-keeping, and police reporting.
Pawnbrokers in Mobile operate under the Alabama Pawnshop Act (Title 5, Chapter 19A), which caps pawn finance charges at 25 percent per month and sets a minimum 30-day redemption period. Pawnshops must obtain a state license through the Alabama State Banking Department plus a Mobile business license. All pledges require government ID, item descriptions, and electronic reporting to the Mobile Police Department. Stolen goods recovery is a key regulatory focus, and pawnbrokers must hold pledged items through the redemption window before resale.
Charging above the 25 percent monthly cap, skipping police reporting, or selling pledges before redemption expires risks state license revocation and criminal charges.
See how Mobile's pawnbrokers rules stack up against other locations.
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