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|Frequently Asked Questions - Pawnbroker|
1. How long does it take to process an application?
A properly completed application will be processed within 30 days of receipt.
2. What is required to obtain the license?
All information as to how to apply for a license is contained in the instructions.
3. Is fingerprinting a condition of obtaining a license?
Yes, all candidates for a New Jersey Pawnbroker license will be required to complete a fingerprinting process as a condition of securing a Pawnbroker license. This requirement affects all new candidates for sole proprietorship licenses as well as officers, directors, members, partners, and substantial stockholders of corporations, limited liability companies and partnerships.
4. When does the license expire?
All licenses that are issued between July 1, 2007 and June 30, 2009 will expire on June 30, 2009. Licenses are due to be renewed for July 1, 2009. Renewed licenses will expire on June 30, 2011.
5. How can I get a copy of the law governing this license?
See Frequently Requested Documents, which lists the cost of copies of the statutes and send remittance with request to the address provided.
6. Can I pay the application fee by credit card?
Currently, credit card payments are not permissible.
7. What if my application is withdrawn or denied?
All fees paid are non-refundable.
8. What is the procedure if I change my address?
Complete the change of address information on the reverse side of the actual wall license.
9. What is the procedure if I change the business name or add an alternate name?
Complete the change of name information on the reverse side of the wall license. Enclose a copy of the amended Certificate of Incorporation, if a corporation; a copy of the amended Certificate of Formation, if a limited liability company; a copy of the amended or new trade name certificate, if a partnership or sole proprietorship; a copy of amended Certificate of Authority to do business in New Jersey, if a foreign corporation.
10. What must I do if my license is lost or destroyed?
Request and complete a lost license affidavit.
11. When do I file the annual report?
All annual reports are due by April 1st. They can be filed online.
12. How do I renew my license?
Renewal instructions will be sent to you on or before April 1st of the year in which you license expires.
13. What must I do if I go out of business?
You are required to notify the Department and surrender the license to the Department.
14. What if I change the legal style of the business?
You must file a new application reflecting the new legal style. For example, if you change from a sole proprietorship to a corporation, a new application with supporting documentation must be filed in the name of the corporation.
15. Is the license transferrable?
No. A license may not be transferred from one entity to another.
16. How can I contact DOBI if I have a question that wasn’t answered above?
You can put your question in writing and fax it to us at (609) 633-0822 or by e-mail to firstname.lastname@example.org.
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State of New Jersey
New Jersey Department of Banking and Insurance