DOCUMENTS: Officials Determine Pawnbrokers As “Financial institutions” – Ongoing

The NPA’s Team GRC has been tracking Governors, State, county, mayoral determinations, and State Association guidance relating to declaring pawnbrokers “financial Institutions.” Please see the list of States below and click to reveal detailed information.

Kentucky
DOWNLOAD KY Governor's Executive Order March 25, 2020 #246 DOWNLOAD KY Governor's Executive Order March 25, 2020 #257

Rachael Parsons
Secretary / Treasurer KY Pawnbrokers Association

As many of you know Governor Beshear issued an order to go into effect at 8pm tonight March 23, 2020 closing most retail locations, with some exceptions.  Pawnshops have two ways they can remain open, being considered a financial institution and selling firearms or ammunition.    

Pawnshops are authorized to remain open because we provide “financial services” as outlined in the NPA email we sent out last week by Federal Law.  

Beyond that, no part of his order, consistent with KRS 39A.100 can interfere with sale of firearms or ammunition, which many of us also provide.  (See attached order section 6 for details.)

Please continue to practice social distancing and promote good hand washing practices in your businesses.  You must follow the State and Federal guidelines outlined in the order. Please encourage any employee to stay home if they feel sick.

You must make the best decision for your family and employees.  If you need any help or need to talk, please reach out to us.

Thank you.

Rachael Parsons
Secretary / Treasurer KY Pawnbrokers Association

808 S 4th St
Danville, KY 40422

859-661-2987 cell
859-209-2828 office
859-972-0781 fax
rcparsons77@gmail.com

Kentucky Pawnbrokers Association

Maryland
DOWNLOAD PDF Interpretive Guidance from the State of Maryland, Legal Counsel DOWNLOAD PDF Maryland Department fo State Polic Pawn Shop statement

Attached is an Interpretive Guidance from the State of Maryland, Legal Counsel a lengthy list naming the Businesses, Organizations, and Facilities That May Remain Open.

The following is a nonexhaustive list of businesses, organizations, and facilities that are included in the federal critical infrastructure sectors. The Order does not require these businesses, organizations, and facilities to close.
AND on page 2 we find…

h. The Financial Services Sector includes, but is not limited to:
i. Banks and credit unions.
ii. Non-bank lenders.
iii. Payroll processing companies.
iv. Payment processing companies.
v. Armored car companies.
vi. Insurance companies.
vii. Securities and investment companies.
viii. Accounting and bookkeeping firms.

New York

Download statement from the Collateral Loan Association of New York (CLANY)

Download CLANY Statement