Q:How many pawnbroker licenses are in the city?
A: 24 existing Pawnbroker licenses.
Q: Do pawnbroker licenses require any permitting?
A: All Pawnbroker licenses require a Special Use Permit.
Q:What is the cost to renew the license, once awarded?
A: Semi-annual License fee of $500 for Pawnbroker and $250 for Auto-pawnbroker.
Q: Will I be required to hold any other licenses?
A: Most Pawnbroker license holders also carry a Secondhand Dealer license, which is a license based upon gross revenue per LVMC 6.04.
Q: What is the city’s population?
A: As of Sept. 1, 2021, the population of the city is more than 670,000.
Q: When will another license come up for auction?
A: After the issuance of the 25th pawnbroker license, no new licenses will be added until the population of the city reaches 700,000. Thereafter, only one new pawnbroker license may be granted for each population increase of 50,000.