Collateral lending law, state by state

Not legal advice. This page is general information to help you understand how collateral lending is regulated in different states. It is not legal advice and is not a substitute for the statutes, regulations, or guidance of any state. Rules change. Before you borrow, confirm current licensing and requirements directly with the regulator named for your state. Where we describe a specific agency below, treat it as a starting point to verify, not as a legal determination.

The one thing that matters most

Loans arranged through Luxury Asset Loans are originated in California by licensed California pawnbroker partners. The loan agreement is written and governed under California law regardless of the state you live in. That is a regulatory feature of how this network operates, not a logistical quirk: the asset is examined in person in California, the licensed lender writes the terms there, and California’s pawnbroker and redemption rules apply to the agreement.

Luxury Asset Loans itself is a marketing platform that connects clients with licensed lenders. It is not a lender, holds no lending license of its own, and never appears on the loan paperwork. If you would rather borrow under the rules of your home state, you can use a lender licensed in that state instead — the overview below points you to the right regulator to check.

How to read the state sections

“Who regulates it” tells you which office licenses pawnbrokers or collateral lenders in that state, so you can verify a local lender’s license. We deliberately do not quote interest-rate caps, fee schedules, or statute section numbers here — those change and vary by locality, and the regulator (or your own counsel) is the authoritative source. For the states marked general pointer, confirm the specifics before relying on them.

California

Who regulates it: California pawnbroker licenses are issued locally — by the police chief or sheriff for the city or county where the business operates — after a background check by the California Department of Justice’s Secondhand Dealer and Pawnbroker Unit. Lenders that make other consumer and commercial loans are licensed separately by the California Department of Financial Protection and Innovation (DFPI) under the California Financing Law. (Regulators verified 2026-10-04.)

Because loans arranged through this network are made in California, this is the framework that governs your agreement. See how we serve California clients.

Texas

Who regulates it: Texas pawnshops and pawnshop employees are licensed and examined by the Texas Office of Consumer Credit Commissioner (OCCC), which also publishes the rate charts Texas pawnshops must follow. You can check a Texas shop’s license at occc.texas.gov. (Regulator verified 2026-10-04.)

A loan arranged through us is made in California, not under Texas pawn rules; if you prefer a Texas-licensed shop, start with the OCCC. See how we serve Texas clients.

Arizona

Who regulates it: Arizona requires a pawnbroker to be licensed by the sheriff of the county where it regularly does business — for example, the Maricopa County Sheriff’s Office for Phoenix and Scottsdale, or the Pima County Sheriff’s Department for Tucson. Arizona pawn transactions are also reported to law enforcement. (Regulator verified 2026-10-04.)

To borrow under Arizona rules, look for a shop licensed by your county sheriff. See how we serve Arizona clients.

Nevada

Who regulates it: In Nevada, pawnbrokers are licensed locally by the city or county where the shop operates — City of Las Vegas business licensing, or Clark County business licensing for unincorporated areas such as the Strip corridor. State pawnbroker law then sets the record-keeping, police-reporting, interest, and redemption rules those shops follow. (Regulator verified 2026-10-04.)

A Nevada shop’s license can be confirmed with the city or county office that issued it. See how we serve Nevada clients.

Florida · general pointer, verify before relying

Who regulates it: Florida regulates pawnbrokers at the state level, and the Florida Department of Agriculture and Consumer Services (FDACS) is the usual starting point for pawnbroker licensing and complaints. Confirm the current licensing office and requirements with the state before you rely on this.

Loans arranged through us are still made in California. See how we serve Florida clients.

New York · general pointer, verify before relying

Who regulates it: In New York, collateral-loan brokers (pawnbrokers) are generally licensed at the local level — in New York City, by the Department of Consumer and Worker Protection (DCWP). Confirm the current licensing authority for your city or county before you rely on this.

Loans arranged through us are made in California. See how we serve New York clients.

Colorado · general pointer, verify before relying

Who regulates it: Colorado generally handles pawnbroker licensing at the municipal or county level rather than through a single statewide pawnbroker license, while broader consumer lending is overseen by the Colorado Attorney General’s office. Confirm the current licensing office and requirements for your city or county before you rely on this.

Loans arranged through us are made in California. See how we serve Colorado clients.

Other states

We work with clients in all 50 states through the California fly-in program. Wherever you live, the loan itself is made and governed in California by a licensed partner. If you would prefer a local lender, your state’s financial-services or consumer-protection regulator, and your city or county licensing office, are the right places to confirm a lender’s license before you borrow.

Questions this guide does not answer

Interest rates, fees, maximum loan terms, and redemption periods are set by your written loan agreement and by the law that governs it — California law, for loans arranged through us. Ask the lender to walk you through the maturity date, any renewal option, and the redemption period before you sign. For anything turning on your specific circumstances, consult a licensed attorney in the relevant state.