The Louisiana Pawnbrokers Association was founded by several local pawnbrokers who realized that pawnshops needed to be unified and operate with the same ethics and standards all over Louisiana. LPBA was formed in 1986 in order to regulate the pawn industry, to bridge communication between pawnbrokers, and to help strengthen the relationship between state and local officials. A lobbyist was hired to manage the Association, and in 1993 a bill was introduced, the Louisiana Law of Pawn, that is still used today in pawnshops statewide.