Go to previous versions of this Section
2022 Code of Virginia
Title 54.1 - Professions and Occupations
Chapter 40 - Pawnbrokers
§ 54.1-4003. Bond required; private action on bond
Universal Citation: VA Code § 54.1-4003 (2022)
A. No natural person shall be licensed as a pawnbroker or engage in the business of a pawnbroker without having in existence a bond with surety in the minimum amount of $50,000 to secure the payment of any judgment recovered under the provisions of subsection B.
B. Any person who recovers a judgment against a licensed pawnbroker for the pawnbroker's misconduct may maintain an action in his own name upon the bond of the pawnbroker if the execution issued upon such judgment is wholly or partially unsatisfied.
Code 1950, § 54-845; 1988, c. 765; 1998, c. 848; 2019, c. 238.
Disclaimer: These codes may not be the most recent version. Virginia 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.