Frequently Asked Questions: The Pawnbroker Education Act

1. What is the Pawnbroker Education Act?

  • The Pawnbroker Education Act is new legislation aimed at elevating the standards and practices within the pawnbroker industry. It mandates comprehensive education for all licensed pawnbrokers in California.
  • The Act establishes the California Pawnbroker Education Council, which approves educational courses and issues certificates of completion.

2. When does the Pawnbroker Education Act take effect?

  • The Pawnbroker Education Act is set to take effect on January 1, 2026. On and after that date, licensees will have to meet the education requirements before license issuance or renewal.

3. What are the educational requirements under the Act?

  • Continued education requirements must be fulfilled every two years:
    • Pre-Licensing Education: At least eight hours of education for applicants seeking licensure.
    • Continuing Education: Eight hours of ongoing education over a two-year period, coinciding with license renewal, for current licensee or their designated representatives. The representative must be an employee of the licensee.
    • Courses: The courses will vary in subjects related to California pawnshop operations. Some will be mandatory (e.g., federal and state compliance) and others may be selected by the individual.

4. What if I own multiple shops?

  • Stores that share common ownership may designate one individual as a “trainer” for their group of stores. The “trainer” must be an employee of the group and may only serve one group of stores under common ownership.

5. Where will the courses be held?

  • Courses will be available through three channels:
    • CAPA Conventions: In-person sessions at annual CAPA conventions. The October 2025 convention will include eight hours of in-person education credit.
    • Online Portal: Convenient access to courses online. Online content is available here: https://pba.ce21.com/. Check back often, more courses are being added!
    • Regular In-Person Seminars: Flexible options to participate in seminars held at various locations, with the first likely to be in Northern California in 2026.

6. What will be the cost?

  • The cost of education per the California Pawnbroker Education Council for 2026 is $300 per unit hour.
    • Note: The California Pawnbrokers Association (CAPA) will cover this cost for its members as part of annual CAPA membership dues. Nonmembers of CAPA may join here and will receive all member benefits from the moment they join through all of 2026, including all 8 hours (or more) of online continuing education.

7. How can I stay updated on course availability and new opportunities?

  • Stay tuned for more updates from CAPA on course availability and how you can take advantage of these new educational opportunities.

8. Where can I find the online content?