California Financial Code

§ 21200.6

FIN § 21200.6 Effective Jan 1, 2025Div. 8 · Ch. 2

Statute text

(a)In addition to other allowed charges, at the time property is redeemed or a replacement loan is issued pursuant to Section 21201.5, the pawnbroker may collect a handling, storage, and security charge for pawned articles. The maximum amount that may be charged pursuant to this section is in accordance with the following schedule:

(1)Five dollars ($5) or 2.5 percent of the loan amount for any article that can be contained within one cubic foot.

(2)Ten dollars ($10) or 2.5 percent of the loan amount for any article that cannot be contained within one cubic foot, but can be contained within three cubic feet.

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Legislative history

Amended by Stats. 2024, Ch. 185, Sec. 1. (SB 1198) Effective January 1, 2025.