Okla. Stat. tit. 59, § 59-1503A
This is the official text of Okla. Stat. tit. 59, § 59-1503A, part of Oklahoma’s Stat. tit. 59, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 59,." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Eligibility for license - Felons - Verifying net assets
Official statutory text
requirement – Definitions.
A. To be eligible for a pawnshop license, an applicant shall:
1. Have net assets of at least Twenty-five Thousand Dollars
($25,000.00); and
2. Show that the pawnshop will be operated lawfully and fairly
within the purpose of the Oklahoma Pawnshop Act.
B. The Administrator shall find ineligible an applicant who has
a conviction for a felony crime that substantially relates to the
occupation of a pawnbroker or poses a reasonable threat to public
safety.
C. If the Administrator is unable to verify that the applicant
meets the net assets requirement for a pawnshop license, the
Administrator 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.
D. As used in this section:
1. "Substantially relates" means the nature of criminal conduct
for which the person was convicted has a direct bearing on the
fitness or ability to perform one or more of the duties or
responsibilities necessarily related to the occupation; and
2. "Poses a reasonable threat" means the nature of criminal
conduct for which the person was convicted involved an act or threat
of harm against another and has a bearing on the fitness or ability
to serve the public or work with others in the occupation.
A. To be eligible for a pawnshop license, an applicant shall:
1. Have net assets of at least Twenty-five Thousand Dollars
($25,000.00); and
2. Show that the pawnshop will be operated lawfully and fairly
within the purpose of the Oklahoma Pawnshop Act.
B. The Administrator shall find ineligible an applicant who has
a conviction for a felony crime that substantially relates to the
occupation of a pawnbroker or poses a reasonable threat to public
safety.
C. If the Administrator is unable to verify that the applicant
meets the net assets requirement for a pawnshop license, the
Administrator 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.
D. As used in this section:
1. "Substantially relates" means the nature of criminal conduct
for which the person was convicted has a direct bearing on the
fitness or ability to perform one or more of the duties or
responsibilities necessarily related to the occupation; and
2. "Poses a reasonable threat" means the nature of criminal
conduct for which the person was convicted involved an act or threat
of harm against another and has a bearing on the fitness or ability
to serve the public or work with others in the occupation.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.