Enforcement · DOBS · 2 Apr 2026
The Pennsylvania Department of Banking and Securities issued a Consent Agreement and Order against National Watch & Diamond Exchange Inc. for violating the Pawnbroker License Act. The entity agreed to pay a $10,000 fine and implement a compliant electronic reporting system for pawnbroker transactions. Additionally, the company must maintain accurate records and submit to future audits to ensure ongoing regulatory compliance.
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#,)31132;)%08,3* )227=0:%2-%%'8-2+8,639+,8,))4%681)283*%2/-2+%2(")'96-8-)7 (“Department”), Compliance Office (“Office”), believes that %8-32%0$%8',-%132(<',%2+)2' (“$”) :-30%8)(8,) %;2&63/)67-')27)'8(“PLA”), "? #,)4%68-)7838,) %&3:)'%48-32)(1%88)6-20-)93*0-8-+%8-32,)6)&=78-490%8)8,%88,)3003;-2+78%8)1)287%6)869)%2( '366)'8-28,)7)880)1)2838,)%&3:)'%48-32)(1%88)6%2(-28)2(-2+83&)0)+%00=&392(,)6)&=%+6))83 8,)8)6173f this Consent Agreement and Order (“Order”).
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463:-()7-26)0):%28part: “Every pawnbroker licensed 92()68,-7%'87,%00%229%00= 3236&)36)8,)-678(%=3*%6',-0)%6)4368;-8,8,)")'6)8%6=3%2/-2++-:-2+79',6)0):%28 -2361%8-32%78,)")'6)8%6=3%2/-2+1%=6)59-6)'32')62-2+8,)&97-2)77%2(34)6%8-327(96-2+8,) FILED 2026 APRIL 2 PM 2:30 PA DEPARTMENT OF BANKING AND SECURITIES
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38,e PLA provides in relevant part: “For failure to file such reports within the time 74)'--)(%4%;2&63/)67,%004%=838,)")'6)8%6=3%2/-2+%4)2%08=3*#)2 (300%67*36)%', calendar day which such report is overdue…” "?
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38,))4%681)283%2/-2+%2(")'96-8-)73()provides: “The ()4%681)281%=-779)36()6778%8)1)2873*430-'=%2(-28)646)8-:)0)88)672)')77%6=%2(%446346-%8)83 administer this act or any other statue within the department’s jurisdiction to administer or enforce.” 7 "?
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327)28$,)6)&=/23;-2+0=;-00-2+0=:30928%6-0=%2(-66):3'%&0='327)287838,))286= of this Order pursuant to the Department’s order authority under the PLA and agrees that it understands %0038,)8)617%2('32(-8-327'328%-2)(,)6)-2$&=:30928%6-0=)28)6-2+-2838,-76()6;%-:)7 %2=6-+,883%,)%6-2+36%44)%0'32')62-2+8,)8)617'32(-8-327%2( 364)2%08-)77)8368,-28,-76()6 32791)6!-+,87#,)6()67,%002380-1-836-14%-6%'3279mer’s rights under the PLA. 9&0-'%8-32#,))4%681)28;-0049&0-7,8,-76()649679%2883-87%98,36-8=-28,))4%681)283* %2/-2+%2(")'96-8-)73() "?
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3927)0This Order is subject to review by the Department’s Legal Division. This Order is )28)6)(-283&=8,)4%68-)79432*90034436892-8=*360)+%0%(:-')*6310)+%0'3927)0
)'8-:)2)77$,)6)&=78-490%8)7%2(%+6))78,%88,)6()67,%00&)'31)))'8-:)328,) date that the Department’s Legal Division dockets this Order (“Effective Date”).
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04/02/2026
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Source: Pennsylvania Department of Banking and Securities — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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