§ 45-6-212. Prohibited Actions
A pawnbroker shall not: Accept a pledge or purchase property from a person under eighteen (18) years of age, nor accept a pledge from anyone who appears intoxicated, nor from any person known to the pawnbroker to be a thief, or to have been convicted of larceny, burglary or robbery, without first notifying a police […]
§ 45-6-213. Identification of Pawnors — Procedure for Misappropriated or Stolen Property
When any person sells property to a pawnbroker or pledges property as security for a loan, the pawnbroker shall obtain and record the information provided for in § 45-6-209(b)(6) and obtain a statement of the pledgor that the pledgor is the lawful owner of the item, as provided in § 45-6-211(d), and have the record […]
§ 45-6-214. Right to Redeem
Except as otherwise provided by this part, any person presenting a pawn ticket to the pawnbroker may be presumed to be entitled to redeem the pledged goods described in the pawn ticket.
§ 45-6-215. Safekeeping of Pledges — Insurance Coverage
Every pawnbroker licensed under this part shall provide a safe place for the keeping of the pledges provided by the pawnbroker, and shall have sufficient insurance coverage on the property held on the pledge for the benefit of the pledgor, to pay the stated value as recited on the pawn stub of the pawned article, […]
§ 45-6-216. Information Concerning Suppliers
Upon request from any law enforcement agency, whether city, county, or state, a pawnbroker shall furnish the names of all suppliers from whom the pawnbroker has purchased merchandise for resale. This information is not to be recorded nor sent to any law enforcement agency but shall be maintained at the pawnshop for a period of […]
§ 45-6-217. Sign Over Entrance
Every licensee under this part shall cause the name of the pawnbroker, firm or corporation, with the words, “Licensed Pawnbroker” to be printed or painted, in large, legible characters, and placed over the outside of the door or entrance of the shop, office, or place of business.
§ 45-6-202. Purpose
The making of pawn loans and the acquisition and disposition of tangible personal property by and through pawnshops vitally affects the general economy of this state and the public interest and welfare of its citizens. It is the policy of this state and the purpose of this part to: Ensure a sound system of making […]
§ 45-6-203. Part Definitions
As used in this part, unless the context otherwise requires: “Dealer and trader” means a person who holds a current certificate of registration with the department of revenue pursuant to title 67, chapter 6, part 6; “Maturity date of pawn transaction” means the date the pawn transaction is due to be paid, which date shall […]
§ 45-6-204. Authority of Licensed Pawnbrokers
A pawnbroker licensed pursuant to this part has the power to: Make loans on the security of pledged goods as a pawn or pawn transaction; Purchase tangible personal property under a buy-sell agreement from individuals as a pawn or pawn transaction on the condition it may be redeemed or repurchased by the seller at a […]
§ 45-6-205. License Required
It is unlawful for any person, firm, or corporation to establish or conduct a business of pawnbroking unless the person, firm, or corporation has first procured a license to conduct the business in the manner and form as provided in this part.