OAR 441-740-0055: Surrender of License

When a pawnbroker surrenders a license, the written notice to the director must include: (1) The original pawnbroker license; (2) A copy of the notice posted on the front of the pawnbroker’s place of business notifying customers of the closure of the pawnbroker business; (3) A list of outstanding pledge loans and a description of how those loans will be handled; (4) The physical location where pledged items will be held; and (5) The physical location where the pawnbroker’s books and records will be held.