Code of Virginia - Title 54.1 Professions And Occupations - Section 54.1-4005 Sale of goods pawned

§ 54.1-4005. Sale of goods pawned

No pawnbroker shall sell any pawn or pledge item until (i) it has been in his possession for the minimum term set forth in the memorandum, but not less than thirty days, plus a grace period of fifteen days and (ii) a statement of ownership is obtained from the pawner. If a motor vehicle is pawned, the owner of the motor vehicle shall comply with the requirements of § 46.2-637. In the event of default by the pawner, the pawnbroker must comply with the requirements of § 46.2-633. Otherwise, the pawnbroker must comply with the requirements of § 46.2-636 et seq. All sales of items pursuant to this section may be made by the pawnbroker in the ordinary course of his business.

(Code 1950, § 54-847; 1986, c. 316; 1988, c. 765; 1998, c. 848; 1999, c. 327.)

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Last modified: April 16, 2009