An applicant for licensure as a pawnbroker must

1. (1) submit a complete application on a form provided by the department;
2. (2) pay the applicable fees established in 12 AAC 02.380;

3. (3) demonstrate that the applicant has the required experience to engage in business as a pawnbroker by providing

   1. (A) documentation showing at least six months of ownership of or management experience in a business; that documentation must show, at a minimum, experience in financial transactions, the sale or purchase of goods, or maintenance of an inventory; or
   2. (B) documentation of completion of a two-year college degree program or higher level of education;
4. (4) submit a notarized statement listing each municipality or licensing jurisdiction in which the applicant holds or has ever held a pawnbroker license; and
5. (5) submit a report under AS 12.62 containing criminal history record information concerning the applicant and issued no earlier than 90 days before the application; if a state other than this state is the applicant's primary state of residence, or if the applicant holds or has ever held a pawnbroker license in a state other than this state, the applicant must also submit an equivalent report issued by that other state and issued no earlier than 90 days before the application.

(Eff. 7/1/2011, Register 198)

Authority: AS 08.01.060, AS 08.01.080, AS 08.76.110, AS 08.01.065, AS 08.76.100, AS 08.76.470