Welcome to the Ohio Pawnbrokers Association
In today's diverse society, many people depend on pawnbrokers to help
them meet those daily financial needs not met by other financial
Did you know
that by some estimates, approximately 20% of the adult population in
United States does not
have a formal relationship with a bank? Imagine needing to borrow a
small amount of money to keep the electricity on, or pay the rent or
get the car fixed, with no place to turn to?
where pawnshops play such an important role.
customers represent the working families of
America who have an
unexpected need for short term cash.
Today's pawnbroker may be a small business owner operating a single
location or an entrepreneur with a larger company owning multiple
locations around a city or a state. This growing, competitive industry
is working hard to upgrade the image of pawnbrokers and to offer
needed services to the public.
Ohio Pawnbrokers Association (OPA) encourages its members to give back
to the community, and offers guidance to pawnbrokers on how to get
law enforcement has always been an important part of being a
pawnbroker. Pawnbrokers comply with all federal, state and local
regulations and laws and in most jurisdictions they provide local law
enforcement with data on all of their transactions on a daily basis.
Did you know
pawnbrokers must comply with well over one dozen Federal laws which
regulate nearly every facet of operation? Like other financial
institutions, pawnbrokers are governed by the:
USA Patriot Act
Bank Secrecy Act and
IRS regulations regarding reporting of certain cash transactions
Trading with the
Enemy Act and Related Executive Orders and Regulations
Financial Services Modernization Act
FTC Privacy and
Soldiers and Sailors Relief Act
The OPA works
to provide pawnbrokers statewide with resources and tools to
strengthen the pawn industry. OPA members are committed to operating
their business in such a manner as to enhance and promote the positive
and professional image of all pawnbrokers.
Bargain hunters and pawnshops go hand
in hand. A wide variety of pre-owned and new merchandise ranging from
jewelry, diamonds, musical instruments, electronics, power tools,
antiques and collectibles can be found at the neighborhood pawnshop.
When visiting a pawnshop you're likely
to find bright, sophisticated lighting and modern merchandising
programs to rival the major discount stores.
Pawnshop employees are trained in the
latest customer service skills and sales contests take place like any
other retail store.