A Pawnbroker license is required of any person or company that loans money on deposit or pledge of personal property or other valuable thing, who deals in the purchasing of personal property or other valuable thing on condition of selling the property back again at a stipulated price, or who loans money secured by chattel mortgage on personal property, taking possession of the property or any part thereof so mortgaged.
Code Requirements
Guidance relating to the Maplewood Automated Pawn System is contained in the Maplewood City Code, Chapter 14, Article XII, Division 2. All license holders are required to be familiar with the provisions of this chapter and with applicable Minnesota Statutes and federal regulations.