The State of New Jersey
NJ Department of Banking and Insurance


Dedicated Funding FAQs - Pawn Broker
Please Note:

The online annual reporting system will be available on or about February 3, 2020. All licensees will be receiving notifications on how to access the system by mail. All annual reports will be due May 1, 2020.

If you have any questions, please contact Consumer Finance Assessments.


Submission of the annual report is an essential component of the Department's funding mechanism. Therefore, failure to file your online annual report may result in significant fines and penalties.

The Department recommends downloading and printing the 2019 Annual Report Worksheet (at right) before completing the online report.

If you have any questions about filing your annual report, please call Consumer Finance Assessments at 609-292-7272.

Thank you in advance for your cooperation in this important matter.
Annual Report Worksheet
Pawn Broker (PDF)
Annual Reports

Is a pawn broker required to file an annual report?

A pawn broker is required to file an annual report with the Division of Banking. The report must be filed for the period of January 1, 2019 through December 31, 2019 for all business conducted in New Jersey.

Are any questions on the annual report new to licensees who previously filed annual reports?
Questions are similar to those in previous annual reports. For pawn brokers, it is important to pay particular attention to:

  • Surety Bond requirement
  • The number and dollar volume of new pledges and renewed pledges
  • The dollar volume of conditional sales
  • Service charges

Information must be collected from 1/1/19 through 12/31/19 for New Jersey business and maintained to complete the annual report.

Is there a filing deadline for the annual report?
All annual reports must be filed no later than May 1, 2020 for the January 1, 2019 to December 31, 2019 reporting period. Annual reports are expected to be filed electronically over the Internet through the State's secure web site.

What is the penalty for filing the annual report late?
If the filing of the annual report is late, you may be subject to a late penalty of $100 for each day the annual report filing is late, and are subject to suspension or loss of license. The Division of Banking MUST have report information on ALL licensees in order to properly assess and bill all licensees.

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Additional License Specific Information

When will license renewals occur?

Renewals for ALL
non-mortgage licensees will be as of July 1, 2021. It is expected that licensees will be notified about the renewal process no later than April of 2021. Licenses must be renewed prior to June 30, 2021.

Will there be a license renewal fee for the biennial renewal in July of 2021?
All non-mortgage licensees will pay NO FEE to renew licenses. License renewals will be required to be processed electronically using the Banking Online Services feature. Paper renewals will NOT be available. For information about signing up for Banking Online Services CLICK HERE.

Do applications for new licenses require a fee?
Yes. All new applications – those for new businesses and new branch offices – require the payment of a non-refundable application fee.

How much is non-refundable application fee?
The non-refundable application fee is $500 for each new license.

What must a pawn broker do to:
1) Change a licensed business address?

  • Complete the Change of Address form
  • Enclose an original executed rider to the surety bond reflecting the amended business address
  • Return the above items to the Licensing Services Bureau, NJDOBI

Note: There is NO FEE to change a business address

2) Change a licensed business name?

  • Complete the Change of Legal Name form
  • Enclose a copy of the amended Certificate of Incorporation, if a corporation; a copy of amended certificate of formation, if a limited liability company; a copy of amended or new trade name certificate if a partnership or sole proprietorship; an amended Certificate of Authority to do Business in New Jersey if a foreign corporation
  • Enclose an original executed rider to the surety bond reflecting the amended name and/or the addition of a new alternate or doing business as name
  • Return the above items to the Licensing Services Bureau, NJDOBI

Note: There is NO FEE to change a business name or to add a new doing business as or trade name

3) Obtain a duplicate license?

  • Request and complete a lost license affidavit
  • Return this affidavit to the Licensing Services Bureau, NJDOBI

Note: There is NO FEE to obtain a duplicate license or registration certificate

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Contact Information For licensing questions:
NJDOBI License Services, Banking
PO Box 473
Trenton, NJ 08625
For annual report, assessment questions:
NJ Department of Banking and Insurance
PO Box 040
Trenton, NJ 08625
E-mail: Consumer Finance Assessments
609-940-7649 (S. Davis)
OPRA is a state law that was enacted to give the public greater access to government records maintained by public agencies in New Jersey.
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Copyright 2011, State of New Jersey
New Jersey Department of Banking and Insurance