{"data":{"id":"us-tn/tenn.-code-ann.-45-6-206","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 45-6-206","heading":"Eligibility requirements for license","body":"(a) To be eligible for a pawnbroker's license, an applicant must: (1) Be of good moral character; (2) Have net assets, as defined herein, of at least seventy-five thousand dollars ($75,000), readily available for use exclusively in conducting the business of each licensed pawnbroker; (3) Show that the business will be operated lawfully and fairly within the purpose of this part; and (4) Each licensed pawnbroker shall conform to the requirements set forth in § 45-6-221 . (b) Despite a person's eligibility for a pawnbroker's license under subsection (a), the county clerk shall find ineligible an applicant who has a prior felony conviction within ten (10) years next preceding that: (1) Directly relates to the duties and responsibilities of the occupation of a pawnbroker; or (2) Otherwise makes the applicant presently unfit for a pawnbroker's license. (c) If an applicant for a pawnbroker's license is a business entity, the eligibility requirements of subsections (a) and (b) apply to each operator or beneficial owner, and as to a corporation, to each officer, shareholder, and director. Acts 1988, ch. 724, § 6; 1994, ch. 935, § 1; 1995, ch. 186, § 4; 1997, ch. 409, § 4; 2012, ch. 778, § 2.\n(a) To be eligible for a pawnbroker's license, an applicant must: (1) Be of good moral character; (2) Have net assets, as defined herein, of at least seventy-five thousand dollars ($75,000), readily available for use exclusively in conducting the business of each licensed pawnbroker; (3) Show that the business will be operated lawfully and fairly within the purpose of this part; and (4) Each licensed pawnbroker shall conform to the requirements set forth in § 45-6-221 .\n(1) Be of good moral character;\n(2) Have net assets, as defined herein, of at least seventy-five thousand dollars ($75,000), readily available for use exclusively in conducting the business of each licensed pawnbroker;\n(3) Show that the business will be operated lawfully and fairly within the purpose of this part; and\n(4) Each licensed pawnbroker shall conform to the requirements set forth in § 45-6-221 .\n(b) Despite a person's eligibility for a pawnbroker's license under subsection (a), the county clerk shall find ineligible an applicant who has a prior felony conviction within ten (10) years next preceding that: (1) Directly relates to the duties and responsibilities of the occupation of a pawnbroker; or (2) Otherwise makes the applicant presently unfit for a pawnbroker's license.\n(1) Directly relates to the duties and responsibilities of the occupation of a pawnbroker; or\n(2) Otherwise makes the applicant presently unfit for a pawnbroker's license.\n(c) If an applicant for a pawnbroker's license is a business entity, the eligibility requirements of subsections (a) and (b) apply to each operator or beneficial owner, and as to a corporation, to each officer, shareholder, and director.","path":["TN Code","Title 45","Chapter 6"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"06e5b88eba31fce870b6bb677755e0dfb4e0d7c9186d3ae9007a6f04f048dc6b","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-45-6-205","next":"us-tn/tenn.-code-ann.-45-6-207"},"notice":"GroundRules: Original legal text. Not legal advice."}