§ 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.)
Sections: Previous 54.1-4000 54.1-4001 54.1-4002 54.1-4003 54.1-4004 54.1-4005 54.1-4006 54.1-4008 54.1-4009 54.1-4010 54.1-4011 54.1-4012 54.1-4013 54.1-4014 NextLast modified: April 16, 2009