Pawnbroking business permit application

Service Description

The pawnbroker grants a money loan against the deposit of a pawn to secure the loan plus interest and costs of business operations.

The pawnbroker brokers pawn transactions by granting an advance on pawns handed over to him/her and pledging the pawns in his/her name with a pawnbroker.

Anyone wishing to conduct the business of a pawnbroker or a pawnbroker's agent requires permission from the competent authority.

The permit may be subject to conditions, insofar as this is necessary for the protection of the general public or the pawnbrokers. Under the same conditions, the subsequent inclusion, amendment and supplementation of conditions is also permissible.

In the case of partnerships (e.g. OHG, KG), each managing partner is a trader. In the case of legal entities (e.g. GmbH, AG), the permit is granted to the legal entity.

Source: Zuständigkeitsfinder Thüringen (Linie6PLus)

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