Oklahoma Pawnshop Act: Title 59 O.S. §§ 1501-1515
Oklahoma Administrative Code: Title 160, Chapters 1,3,5,15

This license allows a business to take goods of value on receipt from the public, making loans against them as security. The goods are then held for a fixed length of time for the buyer to repurchase, or then may be sold outright.

The approval process for this license requires up to 60 days to complete.

The fees for this license include: a $325.00 one-time investigation fee, a $240.00 license fee and a $400.00 examination fee of books and records for a total of $965.00.

This license is valid for one year, beginning on January 1st.

The business must have a surety bond of $5,000 per shop, and a reviewed financial statement showing at least $25,000 in net assets.