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Pawnbroking - Apply for permission

The pawnbroker grants a monetary loan against deposit of a deposit to secure the loan, along with interest and business costs.

The pledge agent mediates pledges by granting an advance to the pledgers handed over to him/her and pledging the pledgers in his/her name to a pawnbroker.

Anyone wishing to carry out the business of a pawnbroker or broker requires the permission of the competent authority. Permission may be subject to conditions to the extent necessary to protect the general public or the pledge.

In the case of partnerships (e.B. OHG, KG), trader is any managing partner. In the case of legal entities (e.B. GmbH, AG), permission is granted by the legal entity.

Source: Serviceportal Niedersachsen (Portalverbund des Bundes und der Länder)

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