§ 54.1-4013 Care of tangible personal property; evaluation fee
A. Pawnbrokers shall store, care for and protect all of the tangible personal property in the pawnbroker’s possession and protect the property from damage or misuse. Nothing in this chapter shall be construed to mean that pawnbrokers are insurers of pawned property in their possession.
B. A pawnbroker may charge a monthly storage fee for any items requiring storage, which fee shall not exceed five percent of the amount loaned on such item.
History
The record of this law’s original creation isn’t available online. It has been modified 2 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 1988, chapter 765; in 1998, chapter 848.
Code 1950, § 54-856; 1988, c. 765; 1998, c. 848.