CHAPTER 2. Pawnbroker Regulations
Chapter 2 enacted by Stats. 1951, Ch. 364.
§§ 21200–21209 · 25 sections
- § 21200 (a) Except as otherwise provided in this chapter, no pawnbroker shall charge or receive compensation at a rate exceeding the sum of the following: (1) Three…
- § 21200.1 A loan setup fee of seven dollars and fifty cents ($7.50) or 3.5 percent, whichever is greater, may be charged for each loan. However, the maximum loan setup…
- § 21200.5 A pawnbroker may charge as prescribed in the following schedule: Schedule of Charges (a) A charge not exceeding three dollars ($3) may be made on any loan for…
- § 21200.6 (a) In addition to other allowed charges, at the time property is redeemed or a replacement loan is issued pursuant to Section 21201.5, the pawnbroker may…
- § 21200.7 The maximum charge of compensation charged by a pawnbroker pursuant to the authority of Section 21200 shall be posted in a place clearly visible to the general…
- § 21200.8 In addition to other allowed charges, a pawnbroker may collect a processing charge of twenty dollars ($20) for each firearm pawned.
- § 21200.9 In addition to other allowed charges, a pawnbroker may collect a remote transaction fee, if the pledgor elects to request a replacement loan or to redeem a…
- § 21200.10 No licensed pawnbroker shall promise any seller of tangible personal property that the seller may repurchase property sold to the pawnbroker.
- § 21201 (a) Every loan made by a pawnbroker for which goods are received in pledge as security shall be evidenced by a written contract, a copy of which shall be…
- § 21201.1 Whenever a pledger, or his or her assignee, loses a pawn ticket, a fee of not to exceed ten dollars ($10) may be charged for services of verifying the…
- § 21201.2 If the pledgor fails to redeem any pawned item during the loan period, thereby obliging the pawnbroker to mail or electronically transmit the notice required…
- § 21201.3 (a) The written contract required pursuant to Section 21201 shall contain a provision in 8-point type stating whether the item or items pledged are to be…
- § 21201.4 Charges for the first three months of any loan made pursuant to the written contract required by Section 21201 or 21201.5 shall be determined by the…
- § 21201.5 (a) During the contractual loan period and any extension thereof, but prior to the start of the 10-day grace period provided in subdivision (d) of Section…
- § 21201.6 The requirement for a written contract signed by the pledgor as set forth in Section 21201.5 may be met electronically if all of the following conditions are…
- § 21202 Every pawnbroker shall enter at the time of the transaction, in records of loans and pledges kept by him for that purpose, the date, duration, amount, and rate…
- § 21203 Any property held in pawn which is not subject to a hold pursuant to Section 21647 of the Business and Professions Code shall be returned to the pledgor…
- § 21204 Every pawnbroker, upon redemption of a loan contract, shall provide the borrower with a receipt that correctly states in detail all of the fees, charges, and…
- § 21205 Representatives of the pawnbroker industry shall poll their members annually to gather data relating to the current financial condition of the California pawn…
- § 21206 Every pawnbroker shall produce his or her records of loans and all pledged property, for inspection by the following persons: (a) Any officer holding a warrant…
- § 21206.7 Whenever any property is taken from a pawnbroker by a peace officer which is alleged to be stolen property, the police officer shall give the pawnbroker a…
- § 21206.8 (a) Notwithstanding the provisions of Chapter 12 (commencing with Section 1407) of Title 10 of Part 2 of the Penal Code, whenever property alleged to have been…
- § 21207 No pawnbroker shall receive anything in pledge from any person who is a minor.
- § 21208 A pawnbroker shall comply with the reporting requirements imposed on secondhand dealers under Article 4 (commencing with Section 21625) of Chapter 9 of…
- § 21209 The violation of any provision of this chapter under circumstances where a person knows or should have known that a violation was being committed is a…