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2023 Michigan Compiled Laws
Chapter 446 - Business Regulation
Act 273 of 1917 - Pawnbrokers (446.201 - 446.219)
AN ACT to regulate and license pawnbrokers that conduct business in this state; to provide for the disposition of allegedly misappropriated property in the possession of pawnbrokers; to provide remedies and prescribe penalties; and to provide for the 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 ;-- Am. 2018, Act 345, Eff. Jan. 14, 2019
- Section 446.201 - Pawnbrokers; License Required; Exception; Internet Drop-Off Store Exempt From Licensure.
- Section 446.202 - Licenses; Issuance; Contents; Term; Transferability; Fee; Bond; Limitations.
- Section 446.203 - Definitions.
- Section 446.204 - Licensed Pawnbroker; Action Upon Bond.
- Section 446.205 - Record of Property Received; Contents; Inspection; Form of Permanent Record.
- Section 446.206 - Statement to Police of Articles Received; Contents.
- Section 446.207 - Repealed. 1980, Act 199, Imd. Eff. July 10, 1980.
- Section 446.208 - Purchaser's Memorandum of Pawn; Contents.
- Section 446.209 - Interest on Loans; Rate; Storage Charge; Time of Payment; Computation; Fee or Excess Charge Prohibited.
- Section 446.210 - Title to Item; Sale of Pledged or Pawned Item; Time of Possession.
- Section 446.211 - Payment or Tender of Debt Before Sale; Effect as to Title and Right to Property; Agreement to Permit Pawner to Maintain Possession.
- Section 446.212 - Misappropriated Property; Effect of Written Hold Order; Delivery of Property to Person Claiming Ownership; Return of Property to Pawnbroker; Liability; "Appropriate Law Enforcement Official" Defined.
- Section 446.213 - Pawned Property; Destruction or Defacing Unlawful; Visibility of Serial Number or Insignia.
- Section 446.214 - Pawned Property; Acceptance From Certain Persons Prohibited.
- Section 446.216 - Bond of Complainant; Amount, Surety.
- Section 446.217 - Transaction of Business on Sunday Unlawful.
- Section 446.218 - Violation of Act; Penalty.
- Section 446.219 - Violation of Act; Revocation of License; Duration.
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