PawnSmarts comes pre-configured for Alaska — an electronic transaction register with every required field, serial and model capture, 30-day grace period and military-deployment interest freeze tracking, and weekly inventory reports for law enforcement. Built for the pawnbroker, fast for every pledgor.
Alaska pawn shop software is a point-of-sale and recordkeeping system built for Alaska Statutes Title 8, Chapter 76 (AS 08.76.100–08.76.590), the statewide pawnbroker law that took effect July 1, 2011. It maintains the electronic transaction register the statute requires, captures every field in AS 08.76.180, and tracks the 30-day grace period and military-deployment interest freeze. Alaska was the last state to regulate pawnbrokers statewide; the legislature changed that in 2010 with SB 292, administered by the Division of Corporations, Business and Professional Licensing within the Department of Commerce, Community, and Economic Development.
PawnSmarts is set up for those rules before you write your first ticket. It keeps the electronic transaction register Alaska requires, captures every field in AS 08.76.180, scans a pledgor's license to auto-fill the ID details, tracks the 30-day grace period and the deployment interest freeze, flags age to block under-18 transactions, and generates the weekly inventory report for your local law enforcement agency.
The department may issue a pawnbroker license to a person who has good character, the experience and fitness to engage in business as a pawnbroker, submits the required application, and pays the applicable fee.
Alaska requires a detailed record of every pawnbroker transaction. PawnSmarts captures each item the statute lists, in dedicated fields:
The register for pawn transactions must be kept in electronic format, except that pawnbrokers in municipalities with a population of 6,000 or fewer (as of July 1, 2011) may use a book register. Records of a completed transaction must be retained for one year after completion, and a pawnbroker may not falsify or intentionally omit a material entry.
Under SB 292, a pawnbroker may not enter into a transaction with a person who is under age 18, under the influence of alcohol or a controlled substance, without proper identification, or pawning stolen property.
PawnSmarts reads the date of birth off the scanned license and flags age to block under-18 transactions, and it requires the ID fields before a ticket can be completed. Judging intoxication and verifying that property is not stolen remain your responsibility.
SB 292 added two consumer protections that PawnSmarts tracks for you:
Alaska pawnbrokers must conduct a weekly inventory and report to local law enforcement. PawnSmarts generates inventory reports straight from your transaction data and exports to LEADS Online, and it runs OFAC checks as part of intake. You remain responsible for submitting reports to your local agency on schedule.
SB 292 removed pawnbrokers from the regulations governing secondhand stores. Pawnbrokers are now regulated exclusively under AS 08.76.100–08.76.590, while secondhand dealers operate under separate rules. The pawnbroker chapter does not apply to financial institutions regulated under AS 06, including banks, credit unions, small loan companies and deferred-deposit-advance licensees (AS 08.76.500).
A state pawnbroker license is required unless you hold a current municipal pawnbroker license that conforms to AS 08.76.100–08.76.590. If you are unsure whether your municipal license conforms, contact your city clerk. The electronic-register exception applies only to municipalities of 6,000 or fewer (as of July 1, 2011); larger population centers such as Anchorage, Fairbanks and Juneau require electronic registers.
PawnSmarts is $89/month for the Essential plan or $129/month for Professional — month to month, no contract, no setup fee, and no exit fee. Prefer to own it outright? Professional is also a one-time purchase for $2,995. It works offline and syncs automatically, runs on Windows, Mac, iPad, Android and any phone in a browser, and with Professional your pledgors get three automatic reminders before a loan is due and can pay online — fewer forfeitures, less counter time.
Switching from another system? We migrate your data for you for a one-time $295 and have most shops live in under 24 hours. Compare us point by point on our comparison page.
Steve Henning has worked in pawn software since 2005 and works directly with pawnbrokers across the country. This Alaska page is reviewed periodically against Alaska Statutes Title 8, Chapter 76, the Alaska Administrative Code (12 AAC 76), and SB 292, which established Alaska's statewide pawnbroker regulation in 2010. Questions? [email protected] or 800-710-6184.
Alaska enacted statewide pawnbroker regulation in 2010 with SB 292, which took effect July 1, 2011, creating Alaska Statutes Title 8, Chapter 76 (AS 08.76.100–08.76.590). Before that, Alaska was the last state with no statewide pawnbroker regulation. PawnSmarts comes pre-configured for these rules before you write your first ticket.
Under AS 08.76.180, Alaska requires the transaction date, the name of the person conducting the transaction, the name, age and address of the pledgor, a property description including serial and model numbers, the price paid or amount loaned, the pledgor's signature, and the type, issuing agency, and number of the identification used. The register must be in electronic format for shops in municipalities with more than 6,000 residents. PawnSmarts keeps every required field in a searchable electronic register and auto-fills the ID details from a scanned license.
Yes. Alaska law grants pledgors a 30-day grace period if they cannot repay within the agreed time. Additionally, if a service member deploys after pawning an item, interest is frozen for the duration of the deployment and resumes when they return. PawnSmarts tracks both the grace period end date and the military deployment freeze.
Alaska pawnbrokers must conduct a weekly inventory and report to local law enforcement, and must retain records for one year after each transaction is completed. PawnSmarts generates inventory reports directly from your transaction data, exports to LEADS Online, and runs OFAC checks at intake; submitting reports to your local agency on schedule remains your responsibility.
Pawn shop software for Alaska should keep the AS 08.76.180 electronic transaction register, track the 30-day grace period and deployment interest freeze, and produce the weekly law-enforcement report. PawnSmarts does all of this on every plan from $89/month (Essential) or $129/month (Professional), or $2,995 one-time, with no contract or setup fee. It works offline, syncs automatically, and exports reports for LEADS Online.
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Questions? [email protected] · 800-710-6184