Ohio Revised Code Chapter 4727 - Pawnbrokers

• Section 4727.01 - Pawnbroker Definitions.
  As used in this chapter: (A) "Pawnbroker" means a person engaged in the business of lending money on deposit or pledges of personal property,...
• Section 4727.02 - License Required.
  No person shall act as a pawnbroker, or advertise, transact, or solicit business as a pawnbroker, without first having obtained a license from the...
• Section 4727.03 - Experience And Fitness - Disciplinary Actions.
  (A) As used in this section, "experience and fitness in the capacity involved" means that the applicant for a pawnbroker's license demonstrates sufficient financial...
• Section 4727.031 - Effect Of Child Support Default On License.
  On receipt of a notice pursuant to section 3123.43 of the Revised Code, the division of consumer finance shall comply with sections 3123.41 to...
• Section 4727.04 - Application For License - Posting License.
  (A) An application for a pawnbroker's license shall state fully the name and address of the applicant and of every member, partner, stockholder, or...
• Section 4727.05 - Conduct Of Investigations.
  The superintendent of financial institutions shall, either personally, or by such person as the superintendent may appoint for the purpose, at least once every...
• Section 4727.06 - Interest Charges.
  (A) No pawnbroker shall charge, receive, or demand interest for any loan in excess of five per cent per month or fraction of a...
• Section 4727.07 - Statement To Seller Or Pledgor.
  Every pawnbroker shall give to the pledgor or seller a statement upon which shall be legibly written in ink, printed, or typed, the name...
• Section 4727.08 - Maintenance And Use Of Pawn And Purchase Forms.
  (A) Every person licensed as a pawnbroker shall keep and use separate pawn forms and purchase forms to be approved by the superintendent of...
• Section 4727.09 - Furnishing Information To Police Chief Or Sheriff.
  (A) A person licensed as a pawnbroker shall, every day, furnish the following information to the chief of police of the municipal corporation or...
• Section 4727.10 - Prohibited Transactions.
  No person licensed as a pawnbroker shall receive any pledge or purchase any articles from any minor, from any person who is at the...
• Section 4727.11 - Redemption, Forfeiture Of Pawned Property.
  (A) If a pledgor fails to pay interest to a person licensed as a pawnbroker on a pawn loan for two months from the...
• Section 4727.12 - Required Retention Period.
  (A) A person licensed as a pawnbroker shall retain any and all goods or articles pledged with the licensee until the expiration of seventy-two...
• Section 4727.13 - Administrative Rules.
  (A) The superintendent of financial institutions shall adopt rules in accordance with Chapter 119. of the Revised Code for the administration and enforcement of...
• Section 4727.14 - Exemptions.
  This chapter does not apply to federally insured depository institutions such as a state or federally chartered bank, savings and loan association, or credit...
• Section 4727.15 - Prohibited Acts - Penalties.
  (A) No person licensed as a pawnbroker under this chapter, and no agent, officer, or employee thereof, shall violate this chapter. (B) Upon the...
• Section 4727.151 - Amended And Renumbered Rc 4728.12.
  Effective Date: 03-17-1987
• Section 4727.16 - Advertisements.
  (A) A person licensed as a pawnbroker under this chapter shall state the license number issued by the superintendent of financial institutions in all...
• Section 4727.17 - Approval Of Sale, Transfer Or Hypothecation Of Interest In License.
  (A) Every sale, transfer, or hypothecation of any stock, security, membership, partnership, or other equitable, beneficial, or ownership interest in a person licensed as...
• Section 4727.18 - Confidentiality.
  (A) Except as provided in division (C) of this section, any information arising from, obtained by, or contained in an investigation of a person...
• Section 4727.19 - Continuing Education.
  (A) Effective with the two-year period that begins June 30, 2000, and every two-year period thereafter, each person licensed as a pawnbroker under this...
• Section 4727.20 - Maintaining Liquid Assets Or Surety Bond - Notice Of Action Against Licensee.
  (A) No person licensed as a pawnbroker under this chapter shall conduct business in this state, unless the licensee does either of the following:...
• Section 4727.21 - State Is Exclusive Regulator Of Pawnbroker.
  The state, through the superintendent of financial institutions, in accordance with this chapter, is the sole regulator of persons engaged in business as pawnbrokers....
• Section 4727.22 - Compliance With Law Regarding Sanctions For Human Trafficking.
  The division of consumer finance shall comply with section 4776.20 of the Revised Code. Added by 129th General AssemblyFile No.169, HB 247, §1, eff.
• Section 4727.99 - Penalty.
  (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...

Last modified: October 10, 2016