{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/54.1-4003.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/54.1-4003.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/54.1-4003.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/54.1-4003.html"}],"law_id":70702,"edition_id":1,"section_id":70702,"structure_id":14177,"section_number":"54.1-4003","catch_line":"Bond required; private action on bond","history":"Code 1950, \u00a7 54-845; 1988, c. 765; 1998, c. 848; 2019, c. 238.","full_text":"A\n\nNo 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\n\nAny person who recovers a judgment against a licensed pawnbroker for the pawnbroker&#8217;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.","order_by":null,"text":{"0":{"id":255065,"text":"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.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":255066,"text":"Any person who recovers a judgment against a licensed pawnbroker for the pawnbroker&#8217;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.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":14177,"edition_id":1,"name":"Pawnbrokers","identifier":"40","label":"chapter","depth":3,"order_by":1,"parent_id":13011,"metadata":{},"date_created":"2026-06-26 03:47:09","date_modified":"2026-06-26 03:47:09","permalink":{"id":244465,"object_type":"structure","relational_id":14177,"identifier":"40","token":"54.1\/V\/40","url":"\/54.1\/V\/40\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13011,"edition_id":1,"name":"Occupations Regulated by Local Governing Bodies","identifier":"V","label":"subtitle","depth":2,"order_by":1,"parent_id":12754,"metadata":{},"date_created":"2026-06-26 03:44:08","date_modified":"2026-06-26 03:44:08","permalink":{"id":244463,"object_type":"structure","relational_id":13011,"identifier":"V","token":"54.1\/V","url":"\/54.1\/V\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12754,"edition_id":1,"name":"Professions and Occupations","identifier":"54.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":239313,"object_type":"structure","relational_id":12754,"identifier":"54.1","token":"54.1","url":"\/54.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":59490,"structure_id":14177,"section_number":"54.1-4000","catch_line":"Definition of pawnbroker","url":"\/54.1-4000\/","token":"54.1\/V\/40\/54.1-4000","metadata":false},{"id":84133,"structure_id":14177,"section_number":"54.1-4001","catch_line":"License required; license authorized by court; building designated in license; penalty","url":"\/54.1-4001\/","token":"54.1\/V\/40\/54.1-4001","metadata":false},{"id":56859,"structure_id":14177,"section_number":"54.1-4002","catch_line":"Local limitations as to number of pawnshops","url":"\/54.1-4002\/","token":"54.1\/V\/40\/54.1-4002","metadata":false},{"id":70702,"structure_id":14177,"section_number":"54.1-4003","catch_line":"Bond required; private action on bond","url":"\/54.1-4003\/","token":"54.1\/V\/40\/54.1-4003","metadata":false},{"id":69903,"structure_id":14177,"section_number":"54.1-4004","catch_line":"Memorandum to be given pledgor; fee; lost ticket charge","url":"\/54.1-4004\/","token":"54.1\/V\/40\/54.1-4004","metadata":false},{"id":61885,"structure_id":14177,"section_number":"54.1-4005","catch_line":"Sale of goods pawned","url":"\/54.1-4005\/","token":"54.1\/V\/40\/54.1-4005","metadata":false},{"id":56838,"structure_id":14177,"section_number":"54.1-4006","catch_line":"Repealed","url":"\/54.1-4006\/","token":"54.1\/V\/40\/54.1-4006","metadata":false},{"id":78864,"structure_id":14177,"section_number":"54.1-4008","catch_line":"Interest chargeable","url":"\/54.1-4008\/","token":"54.1\/V\/40\/54.1-4008","metadata":false},{"id":84173,"structure_id":14177,"section_number":"54.1-4009","catch_line":"Records to be kept; credentials of person pawning goods; fee; penalty","url":"\/54.1-4009\/","token":"54.1\/V\/40\/54.1-4009","metadata":false},{"id":82155,"structure_id":14177,"section_number":"54.1-4010","catch_line":"Daily reports","url":"\/54.1-4010\/","token":"54.1\/V\/40\/54.1-4010","metadata":false},{"id":72137,"structure_id":14177,"section_number":"54.1-4011","catch_line":"Officers may examine records or property; warrantless search and seizure authorized","url":"\/54.1-4011\/","token":"54.1\/V\/40\/54.1-4011","metadata":false},{"id":55351,"structure_id":14177,"section_number":"54.1-4012","catch_line":"Property pawned or purchased not to be disfigured or changed","url":"\/54.1-4012\/","token":"54.1\/V\/40\/54.1-4012","metadata":false},{"id":60250,"structure_id":14177,"section_number":"54.1-4013","catch_line":"Care of tangible personal property; evaluation fee","url":"\/54.1-4013\/","token":"54.1\/V\/40\/54.1-4013","metadata":false},{"id":83767,"structure_id":14177,"section_number":"54.1-4014","catch_line":"Penalties; violation of the Virginia Consumer Protection Act","url":"\/54.1-4014\/","token":"54.1\/V\/40\/54.1-4014","metadata":false}],"previous_section":{"id":56859,"structure_id":14177,"section_number":"54.1-4002","catch_line":"Local limitations as to number of pawnshops","url":"\/54.1-4002\/","token":"54.1\/V\/40\/54.1-4002","metadata":false},"next_section":{"id":69903,"structure_id":14177,"section_number":"54.1-4004","catch_line":"Memorandum to be given pledgor; fee; lost ticket charge","url":"\/54.1-4004\/","token":"54.1\/V\/40\/54.1-4004","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/54.1-4003\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 3 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1988, chapter 765; in 1998, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?981+ful+CHAP0848\">848<\/a>; in 2019, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?191+ful+CHAP0238\">238<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":244479,"object_type":"law","relational_id":70702,"identifier":"54.1-4003","token":"54.1\/V\/40\/54.1-4003","url":"\/54.1-4003\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/54.1-4003\/","token":"54.1\/V\/40\/54.1-4003","dublin_core":{"Title":"Bond required; private action on bond","Type":"Text","Format":"text\/html","Identifier":"\u00a7 54.1-4003","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> No natural person shall be licensed as a pawnbroker or engage in the business of a pawnbroker without having in existence a <span class=\"dictionary\">bond<\/span> with <span class=\"dictionary\">surety<\/span> in the minimum amount of $50,000 to secure the payment of any <span class=\"dictionary\">judgment<\/span> recovered under the provisions of subsection B. <a id=\"paragraph-255065\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/54.1-4003\/#A\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B\"><p><span class=\"prefix-number\">B.<\/span> Any person who recovers a <span class=\"dictionary\">judgment<\/span> against a licensed pawnbroker for the pawnbroker&#8217;s misconduct may maintain an action in his own name upon the <span class=\"dictionary\">bond<\/span> of the pawnbroker if the execution issued upon such <span class=\"dictionary\">judgment<\/span> is wholly or partially unsatisfied. <a id=\"paragraph-255066\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/54.1-4003\/#B\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nBOND REQUIRED; PRIVATE ACTION ON BOND (\u00a7 54.1-4003)\n\nA. No natural person shall be licensed as a pawnbroker or engage in the business\nof a pawnbroker without having in existence a bond with surety in the minimum\namount of $50,000 to secure the payment of any judgment recovered under the\nprovisions of subsection B.\n\nB. Any person who recovers a judgment against a licensed pawnbroker for the\npawnbroker&#8217;s misconduct may maintain an action in his own name upon the\nbond of the pawnbroker if the execution issued upon such judgment is wholly or\npartially unsatisfied.\n\nHISTORY: Code 1950, \u00a7 54-845; 1988, c. 765; 1998, c. 848; 2019, c. 238.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}