§ 91A-6. Requirements for licensure. - North Carolina Statutes

§91A‑6.  Requirements for licensure.

(a)        To be eligible fora pawnbroker's license, an applicant must:

(1)        Be of good moralcharacter; and

(2)        Not have beenconvicted of a felony within the last 10 years.

(b)        Every person, firmor corporation desiring to engage in the business of pawnbroker shall petitionthe appropriate city or county agency in the area in which the pawnshop is tobe operated for a license to conduct such business.  Such petitions shallprovide:

(1)        The name and addressof the person, and, in case of a firm or corporation, the names and addressesof the persons composing such firm or of the officers, directors, andstockholders of such corporation, excluding shareholders of publicly tradedcompanies;

(2)        The name of thebusiness and the street and mailing address where the business is to beoperated;

(3)        A statementindicating the amount of net assets or capital proposed to be used by thepetitioner in operation of the business; this statement shall be accompanied byan unaudited statement from an accountant or certified public accountantverifying the information contained in the accompanying statement;

(4)        An affidavit by thepetitioner that he has not been convicted of a felony; and

(5)        A certificate fromthe chief of police, or sheriff of the county, or the State Bureau ofInvestigation that the petitioner has not been convicted of a felony.

(c)        Licenses shall begranted under this Chapter by the city if the pawnshop is to be operated withinthe corporate limits of a city as defined by G.S. 160A‑1, and by a countyif it is to be operated outside the corporate limits of any city as defined byG.S. 160A‑1.

(d)        Any license grantedunder this Chapter may be revoked by the county or city issuing it, after ahearing, for substantial abuses of this Chapter by the licensee. (1989,c. 638, s. 2.)