§ 12-100. ELIGIBILITY FOR LICENSE; NET ASSET REQUIREMENT.
   (A)   As provided in 59 O.S. § 1505, to be eligible for a pawnshop license, an applicant shall:
      (1)   Be of good moral character;
      (2)   Have net assets of at least $25,000; and
      (3)   Show that the pawnshop will be operated lawfully and fairly within the purpose of the State Pawnshop Act, 59 O.S. §§ 1501 et seq.
   (B)   The City Clerk shall find ineligible an applicant who has a felony conviction which directly relates to the duties and responsibilities of the occupation of pawnbroker.
   (C)   If the City Clerk is unable to verify that the applicant meets the net assets requirement for a pawnshop license, the City Clerk may require a finding, including the presentation of a current balance sheet, by an accounting firm or individual holding a permit to practice public accounting in this state, that the accountant has reviewed the books and records of the applicant, and that the applicant meets the net assets requirement.
(Prior Code, § 12-100)
Statutory reference:
   Similar provisions, see 59 O.S. § 1503A