{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/54.1-4008.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/54.1-4008.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/54.1-4008.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/54.1-4008.html"}],"law_id":78864,"edition_id":1,"section_id":78864,"structure_id":14177,"section_number":"54.1-4008","catch_line":"Interest chargeable","history":"Code 1950, \u00a7 54-850; 1983, c. 238; 1988, c. 765; 1998, c. 848; 1999, c. 327.","full_text":"A\n\nNo pawnbroker shall ask, demand or receive a greater rate of interest than ten percent per month on a loan of $25 or less, or seven percent per month on a loan of more than $25 and less than $100, or five percent per month on a loan of $100 or more, secured by a pledge of tangible personal property. No loan shall be divided for the purpose of increasing the percentage to be paid the pawnbroker. Loans may be renewed based on the original loan amount. Loans may not be issued that compound the interest or storage fees from previous loans on the same item.B\n\nAn annual percentage rate computed and disclosed under the provisions of the federal Truth-in-Lending Act shall not be deemed a violation of this section.","order_by":null,"text":{"0":{"id":282507,"text":"No pawnbroker shall ask, demand or receive a greater rate of interest than ten percent per month on a loan of $25 or less, or seven percent per month on a loan of more than $25 and less than $100, or five percent per month on a loan of $100 or more, secured by a pledge of tangible personal property. No loan shall be divided for the purpose of increasing the percentage to be paid the pawnbroker. Loans may be renewed based on the original loan amount. Loans may not be issued that compound the interest or storage fees from previous loans on the same item.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":282508,"text":"An annual percentage rate computed and disclosed under the provisions of the federal Truth-in-Lending Act shall not be deemed a violation of this section.","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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/54.1-4008\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 4 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 1983, chapter 238; in 1988, chapter 765; in 1998, chapter 848<\/a>; in 1999, chapter 327<\/a>.<\/p>","references":[{"id":63345,"section_number":"6.2-303","catch_line":"Contracts for more than legal rate of interest","order_by":null,"url":"\/6.2-303\/"}],"refers_to":false,"permalink":{"id":244495,"object_type":"law","relational_id":78864,"identifier":"54.1-4008","token":"54.1\/V\/40\/54.1-4008","url":"\/54.1-4008\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/54.1-4008\/","token":"54.1\/V\/40\/54.1-4008","dublin_core":{"Title":"Interest chargeable","Type":"Text","Format":"text\/html","Identifier":"\u00a7 54.1-4008","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> No pawnbroker shall ask, demand or receive a greater rate of interest than ten percent per month on a loan of $25 or less, or seven percent per month on a loan of more than $25 and less than $100, or five percent per month on a loan of $100 or more, secured by a pledge of tangible personal property. No loan shall be divided for the purpose of increasing the percentage to be paid the pawnbroker. Loans may be renewed based on the original loan amount. Loans may not be issued that compound the interest or storage fees from previous loans on the same item. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> An annual percentage rate computed and disclosed under the provisions of the federal Truth-in-Lending Act shall not be deemed a violation of this section. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nINTEREST CHARGEABLE (\u00a7 54.1-4008)\n\nA. No pawnbroker shall ask, demand or receive a greater rate of interest than\nten percent per month on a loan of $25 or less, or seven percent per month on a\nloan of more than $25 and less than $100, or five percent per month on a loan of\n$100 or more, secured by a pledge of tangible personal property. No loan shall\nbe divided for the purpose of increasing the percentage to be paid the\npawnbroker. Loans may be renewed based on the original loan amount. Loans may\nnot be issued that compound the interest or storage fees from previous loans on\nthe same item.\n\nB. An annual percentage rate computed and disclosed under the provisions of the\nfederal Truth-in-Lending Act shall not be deemed a violation of this section.\n\nHISTORY: Code 1950, \u00a7 54-850; 1983, c. 238; 1988, c. 765; 1998, c. 848; 1999,\nc. 327.","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}}