Plymouth, MN Business Licensing & Operations: Pawnbrokers (2026)
Key Facts
- License required
- Every pawnbroker, Section 1160.03; 60-day grace period
- Surety bond
- $10,000.00 bond approved by City Attorney
- Operating hours
- 7:00 a.m. to 10:00 p.m. only
- Redemption period
- 120 days minimum before a pledge can be sold
- Resale holding period
- 30 days for purchased or traded items
- Daily reporting penalty
- $50.00 per day for uncorrected failures
- Hearing notice radius
- Mailed notice to owners within 500 feet
Summary
Every pawnbroker doing business in the City of Plymouth needs a City license under Code Section 1160.03, backed by a $10,000.00 surety bond and mandatory daily reporting of every transaction to the Police Department through the state Automated Pawn System. Pawn shops may only open between 7:00 a.m. and 10:00 p.m., and pledged items must sit on a mandatory 120-day hold before they can be sold.
No person shall exercise, carry-on, or be engaged in the trade or business of pawnbroker within the City unless such person is currently licensed under this Section. Persons engaged in the business of pawnbroker on the effective date of this Section must receive a license within 60 days or cease doing business.
Full Breakdown
03 makes it unlawful to run a pawnbroker business in the City without a current license, and anyone already operating on the effective date had 60 days to get licensed or close. 00 surety bond approved by the City Attorney before any license issues. 00-per-day penalty for uncorrected reporting failures caused by the licensee's own system. 00 to be made by traceable check or draft. G adds a separate 30-day holding period before any purchased or traded item can be resold. The Director of Public Safety can place an investigative hold on any item for up to 15 days, or a longer hold or confiscation order tied to a criminal case. 07 requires a Council hearing on every new license application, with mailed notice to property owners within 500 feet of the proposed shop. 17.
Violations & Fines
Operating as a pawnbroker without a license, failing to report transactions daily to the Automated Pawn System, or selling a pledged item before the 120-day redemption period expires is a misdemeanor under Section 1160.18. The Council can suspend or revoke a license for any violation of Section 1160, a state pawnbroker statute, or a law relating to moral character, after written notice and a public hearing under Section 1160.17. Uncorrected daily-reporting failures also draw a $50.00-per-day penalty.
Frequently Asked Questions
Do pawn shops need a special license in Plymouth?
How long must a Plymouth pawn shop hold a pledged item before selling it?
What hours can a Plymouth pawn shop be open?
Sources & Official References
Other rules in Plymouth
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Pawnbrokers in Nearby Cities
How other cities in Hennepin County handle pawnbrokers.