Oklahoma City pawnbrokers must hold an Oklahoma State Banking Department license, register transactions with OKCPD daily through the LeadsOnline electronic reporting system, and hold pledged items for at least 30 days before resale.
Pawnshops and secondhand dealers operate under Oklahoma's Pawnshop Act (OK §59-1501 et seq.) administered by the State Banking Department. OKC Code Chapter 18 adds local licensing and requires daily upload of all pawn and buy transactions to LeadsOnline, accessible to OKCPD detectives. Photo ID and thumbprint capture from sellers is mandatory. Items must be held 30 days minimum before resale. Stolen-property holds may extend that period. Maximum interest rates are capped at 10% per month on small loans.
Failure to upload transactions, accepting stolen goods, or charging excessive interest leads to license revocation, criminal charges, and state penalties.
See how Oklahoma City's pawnbrokers rules stack up against other locations.
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