2006 Code of Virginia § 54.1-4005 - Sale of goods pawned

54.1-4005. Sale of goods pawned.

No pawnbroker shall sell any pawn or pledge item until (i) it has been in hispossession for the minimum term set forth in the memorandum, but not lessthan thirty days, plus a grace period of fifteen days and (ii) a statement ofownership is obtained from the pawner. If a motor vehicle is pawned, theowner 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 therequirements of 46.2-633. Otherwise, the pawnbroker must comply with therequirements of 46.2-636 et seq. All sales of items pursuant to thissection 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.)