Tennessee § 45-6-206 - Eligibility requirements for license.
Full text of Tennessee Tennessee Code Annotated § 45-6-206 — Eligibility requirements for license., with citation guidance and answers to common questions.
§ 45-6-206. Eligibility requirements for license.
To be eligible for a pawnbroker's license, an applicant must: Be of good moral character; 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; Show that the business will be operated lawfully and fairly within the purpose of this part; and Each licensed pawnbroker shall conform to the requirements set forth in § 45-6-221. 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: Directly relates to the duties and responsibilities of the occupation of a pawnbroker; or Otherwise makes the applicant presently unfit for a pawnbroker's license. 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.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 45-6-206
What does Tennessee Code Annotated § 45-6-206 cover?
Section 45-6-206 ("Eligibility requirements for license.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 45-6-206?
A common citation format is "Tennessee Code Annotated § 45-6-206" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 45-6-206 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.