2012 Louisiana Laws
Revised Statutes
TITLE 37 — Professions and occupations
RS 37:1804 — Prohibited practices

§1804. Prohibited practices

A pawnbroker shall not:

(1) Accept a pledge from any natural person under the age of eighteen.

(2) Make any agreement requiring the personal liability of the pledgor in connection with a pawn transaction.

(3) Accept any waiver, in writing or otherwise, of any right or protection accorded a pledgor under the provisions of this Part.

(4) Knowingly accept a stolen thing into pawn.

(5) Rent or lease a pawned thing to any person before the next business day following the maturity date.

(6) Fail to exercise reasonable care to protect pledged things from loss or damage.

(7) Enter into any pawn transaction which has a maturity date of less than that which is permitted in R.S. 37:1800.

(8) Falsify, obliterate, destroy, or remove from the place of business records, books, or accounts relating to the pawnbroker's pawn transactions before the expiration of two years.

(9) Fail to return the pledged things or replace lost pledged things to a pledgor upon payment of the full amount due the pawnbroker, unless the pledged things have been taken into custody by a court or law enforcement officer. For the purposes of this Paragraph only, the term "lost pledged things" means pledged things that have disappeared, been destroyed, or were stolen while in the care, custody, and control of the pawnbroker and which results in the pledged things being unavailable for return to the pledgor. The pawnbroker's liability to the pledgor for lost pledged things shall be limited to the replacement of or the replacement value of the lost pledged thing.

(10) Violate any federal, state, or local law, ordinance, regulation, or guideline.

Acts 1993, No. 391, §1, eff. Sept. 1, 1993; Acts 1995, No. 1062, §1, eff. June 29, 1995; Acts 1999, No. 361, §1; Acts 2003, No. 500, §1, eff. Sept. 1, 2003.