Issuance of License

Reference Number: 

Persons, firms, or corporations having satisfied the qualification requirements and having paid the business tax and any other taxes, and having produced to the county clerk satisfactory evidence of good character as to being a suitable person or persons to carry on the business of pawnbroker, shall be granted a license.  The license must contain the following information:

(1) The name of the person, firm, or corporation to whom issued;

(2) The place of business and street number where the business is located; and

(3) The amount of capital employed in the business.

T.C.A. § 45-6-208. 

The license entitles the holder to do business at the place designated.  Only one place of business may be operated under a license.  T.C.A. § 45-6-212.  Therefore, the requirements of the act must be met separately for each location.