Section 4727.99 | Penalty.
Effective: April 5, 2001 Latest Legislation: House Bill 467 – 123rd General Assembly (A) Whoever violates sections 4727.03 to 4727.21 of the Revised Code is guilty of a misdemeanor of the third degree on a first offense and a misdemeanor of the second degree on each subsequent offense. (B) Whoever violates section 4727.02 of the […]
Section 4727.13 | Administrative Rules.
Effective: April 5, 2001 Latest Legislation: House Bill 467 – 123rd General Assembly (A) The superintendent of financial institutions shall adopt rules in accordance with Chapter 119. of the Revised Code for the administration and enforcement of this chapter. (B) The superintendent shall enforce this chapter, make all reasonable effort to discover alleged violators, notify […]
Section 4727.14 | Exemptions.
Effective: April 5, 2001 Latest Legislation: House Bill 467 – 123rd General Assembly This chapter does not apply to federally insured depository institutions such as a state or federally chartered bank, savings and loan association, or credit union.
Section 4727.15 | Prohibited Acts – Penalties.
Effective: April 5, 2001 Latest Legislation: House Bill 467 – 123rd General Assembly (A) No person licensed as a pawnbroker under this chapter, and no agent, officer, or employee thereof, shall violate this chapter. (B) Upon the criminal conviction of a licensee or any employee, manager, officer, director, shareholder, member, or partner of a licensee […]
Section 4727.16 | Advertisements.
Effective: April 5, 2001 Latest Legislation: House Bill 467 – 123rd General Assembly (A) A person licensed as a pawnbroker under this chapter shall state the license number issued by the superintendent of financial institutions in all advertisements, offers, and solicitations. (B) No person not licensed under this chapter may advertise as a pawnbroker.
Section 4727.17 | Approval of Sale, Transfer or Hypothecation of Interest in License.
Effective: April 5, 2001 Latest Legislation: House Bill 467 – 123rd General Assembly (A) Every sale, transfer, or hypothecation of any stock, security, membership, partnership, or other equitable, beneficial, or ownership interest in a person licensed as a pawnbroker, in an amount representing a ten per cent or greater equitable, membership, partnership, beneficial, or other […]
Section 4727.18 | Confidentiality.
Effective: June 18, 2002 Latest Legislation: Senate Bill 138 – 124th General Assembly (A) Except as provided in division (C) of this section, any information arising from, obtained by, or contained in an investigation of a person licensed as a pawnbroker under this chapter performed by the superintendent of financial institutions is confidential information and […]
Section 4727.19 | Continuing Education.
Effective: March 28, 2017 Latest Legislation: Senate Bill 235 – 131st General Assembly (A) Effective with the two-year period that begins June 30, 2017, and every two-year period thereafter, each person licensed as a pawnbroker under this chapter shall have at least one person employed at the licensee’s place of business who has completed by […]
Section 4727.20 | Maintaining Liquid Assets or Surety Bond – Notice of Action Against Licensee.
Effective: March 28, 2017 Latest Legislation: Senate Bill 235 – 131st General Assembly (A) No person licensed as a pawnbroker under this chapter shall conduct business in this state, unless the licensee does either of the following: (1) Maintains liquid assets in a minimum amount of seventy-five thousand dollars; (2) Obtains a surety bond issued […]
Section 4727.21 | State Is Exclusive Regulator of Pawnbroker.
Effective: April 5, 2001 Latest Legislation: House Bill 467 – 123rd General Assembly The state, through the superintendent of financial institutions, in accordance with this chapter, is the sole regulator of persons engaged in business as pawnbrokers.