California Financial Code CHAPTER 2 - Pawnbroker Regulations

  • Section 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 percent per...
  • Section 21200.1.
    A loan setup fee of five dollars ($5) or 3 percent, whichever is greater, may be charged for each loan. However, the maximum loan setup...
  • Section 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...
  • Section 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...
  • Section 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...
  • Section 21200.8.
    In addition to other allowed charges, a pawnbroker may collect a processing charge of four dollars ($4) for each firearm pawned.(Added by Stats. 1987, Ch....
  • Section 21200.9.
    No licensed pawnbroker shall promise any seller of tangible personal property that the seller may repurchase property sold to the pawnbroker.(Added by Stats. 1988, Ch....
  • Section 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...
  • Section 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...
  • Section 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...
  • Section 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...
  • Section 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...
  • Section 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...
  • 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...
  • Section 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,...
  • Section 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...
  • Section 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,...
  • Section 21205.
    Representatives of the pawnbroker industry shall poll their members annually to gather data relating to the current financial condition of the California pawn industry.(Added by...
  • Section 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 authorizing...
  • Section 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...
  • Section 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...
  • Section 21207.
    No pawnbroker shall receive anything in pledge from any person who is a minor.(Amended by Stats. 1989, Ch. 1418, Sec. 4.)
  • Section 21208.
    A pawnbroker shall comply with the reporting requirements imposed on secondhand dealers under Article 4 (commencing with Section 21625) of Chapter 9 of Division 8...
  • Section 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...

Last modified: October 22, 2018