Guaranty Title Pawn

1305 N. Memorial Pkwy.

Huntsville, AL 35801

256-536-1227

Below are the State Laws on A Title Pawn business for Alabama.

• 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.