2014 House Bill 5954

Revise pawn shop fee detail

Introduced in the House

Nov. 13, 2014

Introduced by Rep. John Walsh (R-19)

To allow a pawn shop to charge a 20 percent fee to a person who uses a pawned item during the period when it is considered security for a loan. Under current law a pawn shop may only charge a $1 fee per month for this.

Referred to the Committee on Financial Services