Pawnbrokers and secondhand dealers in Sioux Falls must hold a city license under Ch. 38, report transactions daily to SFPD, and hold pledged property for a statutory period before resale.
Sioux Falls pawnbrokers and precious-metal dealers register with the City Clerk and pay annual fees. Each transaction requires seller identification, a thumbprint, a description of the item with serial numbers, and electronic upload to SFPD through the city pawn-reporting system, typically within 24 hours. Pledged property must be held for a minimum hold period (often 14 to 21 days) before sale or melting, allowing police to identify stolen goods. Operators undergo background checks and must operate from a fixed commercial location.
Failing to hold property for the required period, missing daily transaction reports to SFPD, accepting goods without ID, or operating without a current city license can trigger license suspension and criminal charges.
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Sioux Falls, SD
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