There is a newer version of the Michigan Compiled Laws
2023
2022
2021
2020
2019
Other previous versions
View our newest version here

2006 Michigan Compiled Laws - Act 273 of 1917


PAWNBROKERS

Act 273 of 1917

AN ACT to regulate and license pawnbrokers in certain governmental units of this state; and to prescribe certain powers and duties of certain local governmental units and state agencies.


History: 1917, Act 273, Eff. Aug. 10, 1917 ;--Am. 2002, Act 469, Imd. Eff. June 21, 2002




The People of the State of Michigan enact:

DocumentDescription
Section 446.201Pawnbrokers; license required; exception; internet drop-off store exempt from licensure.
Section 446.202Licenses; issuance; contents; term; transferability; fee; bond; limitations.
Section 446.203Definitions.
Section 446.204Licensed pawnbroker; action upon bond.
Section 446.205Record of property received; contents; inspection; form of permanent record.
Section 446.206Statement to police of articles received; contents.
Section 446.207Repealed. 1980, Act 199, Imd. Eff. July 10, 1980.
Section 446.208Purchaser's memorandum of pawn; contents.
Section 446.209Interest on loans; rate; storage charge; usage fee; time of payment; computation; fee or excess charge prohibited.
Section 446.210Title to item; sale of pawned property; time of possession.
Section 446.211Payment or tender of debt before sale; effect as to title and right to property; agreement to permit pawner to maintain possession; usage fee.
Section 446.212Repealed. 1998, Act 233, Imd. Eff. July 3, 1998.
Section 446.213Pawned property; destruction or defacing unlawful; visibility of serial number or insignia.
Section 446.214Pawned property; acceptance from certain persons prohibited.
Section 446.216Bond of complainant; amount, surety.
Section 446.217Transaction of business on Sunday unlawful.
Section 446.218Violation of act; penalty.
Section 446.219Violation of act; revocation of license; duration.

Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.