2018 Code of Alabama
Title 5 - BANKS AND FINANCIAL INSTITUTIONS.
Chapter 19A - ALABAMA PAWNSHOP ACT.
- Section 5-19A-1 - Short title.
- Section 5-19A-2 - Definitions.
- Section 5-19A-3 - Pawnbroker to enter on pawn ticket record of information.
- Section 5-19A-4 - Certain information to be printed on pawn tickets.
- Section 5-19A-5 - Statement verifying pledgor is rightful owner of goods; pawnbroker to maintain record of transactions; goods to be maintained on premises for certain number of days before resale.
- Section 5-19A-6 - Redemption or automatic forfeiture of pledged goods.
- Section 5-19A-7 - Pawnshop charge; amounts in excess of pawnshop charge.
- Section 5-19A-8 - Certain acts by pawnbrokers prohibited.
- Section 5-19A-9 - Pledgor presenting pawn ticket entitled to redeem or repurchase goods; lost or damaged pledged goods in possession of pawnbroker; lost, destroyed, or stolen pawn ticket.
- Section 5-19A-10 - Liens for pawnbrokers; pledged goods not redeemed on or before maturity date fixed in ticket.
- Section 5-19A-11 - Licensing generally; annual fee; temporary license; when new license not required upon change in ownership.
- Section 5-19A-12 - Eligibility for pawnshop license; application fee.
- Section 5-19A-13 - Suspension or revocation of license; notice and hearing; surrender of license.
- Section 5-19A-14 - Application for new pawnshop license, transfer of existing license, etc.
- Section 5-19A-15 - No confiscation of property pledged to pawnbroker if property may be put on seven-day hold; when property may be placed on hold.
- Section 5-19A-16 - Penalties for failure to secure license.
- Section 5-19A-17 - Penalties for willful violation of chapter or for false entry in required records; compliance enforced by supervisor; order requiring person to refrain from violation.
- Section 5-19A-18 - Department of Public Safety to supply available arrest and conviction records.
- Section 5-19A-19 - Ordinances to be in compliance with but not more restrictive than chapter.
- Section 5-19A-20 - Pawnbrokers to be subject to licensing and issuance fees under Chapter 12 of Title 40; chapter not to repeal Uniform Commercial Code.
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