Pawn Shop Laws In New York State

New york state law preempts local regulation on collateral loan brokers new york attorney general opinions 2012. In other areas licenses must be obtained from the mayor of the city or licensing authority of the local governing body where business is to be carried on. The law also protects consumers who may get their jewelry or other items stolen.

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Pawn shop laws in new york state

Pawn shop laws in new york state. If you discover your property is stolen and pawned the law gives you opportunities to reclaim ownership of it. Old friend stole my engagement ring i found it at local pawn shop. The laws that regulate pawn shops at the state level vary from state to state. Pawn shops operating in new york city obtain licenses from the commissioner of consumer affairs.

A pawn shop business loans money to customers using jewelry electronics collectibles and other personal items as collateral. The state and the locality where you intend to set up require several legal filings before they. The new york state and new york city pawn codes are available in pdf format. New york pawn shop laws new york state law preempts local regulation on.

In the state of new york a pawn shop business is known officially as a collateral loan broker. January 13 2012 informal opinion no. State licensing and regulatory authorities are also cited when applicable. Cerreto village attorney village of port chester 222 grace church.

Anonymous asked in politics government law ethics 1 decade ago what is the laws in new york state for pawn shops. Cap on interest rates. County and city statues are not included. January 13 2012 informal opinion no.

Click the link. The entries below provide links to state pawn shop laws across the country. Cerreto village attorney village of port chester. Under new york state law a pawnshop is allowed to charge a maximum interest rate of 4 percent per month.

Articles laws and regulations about new york pawn shop laws. Items 1 1 of 1 items 1 1 of 1 new york state law preempts local regulation on collateral loan brokers new york attorney general opinions 2012.