Code of Alabama
Chapter 19A - Alabama Pawnshop Act.
Section 5-19A-14 - Application for New Pawnshop License, Transfer of Existing License, Etc.

(a) An application for a new pawnshop license, the transfer of an existing pawnshop license, or the approval of a change in the ownership of a licensed pawnshop shall be under oath and shall state the full name and place of residence of the applicant, the place where the business is to be conducted, and other relevant information required by the supervisor. If the applicant is a partnership, the application shall state the full name and address of each partner. If the applicant is a corporation, the application shall state the full name and address of each officer, shareholder, and director.
(b) Notwithstanding the foregoing, the application need not state the full name and address of each shareholder, if the applicant is owned directly or beneficially by a person which as an issuer has a class of securities registered pursuant to Section 12 of the Securities Exchange Act of 1934, or pursuant to Section 15(d) is an issuer of securities which is required to file reports with the Securities and Exchange Commission, if the person files with the supervisor any information, documents, and reports required by that act to be filed with the Securities and Exchange Commission.

<< Previous
Next >>

Structure Code of Alabama

Code of Alabama

Title 5 - Banks and Financial Institutions.

Chapter 19A - Alabama Pawnshop Act.

Section 5-19A-1 - Short Title.

Section 5-19A-2 - Definitions.

Section 5-19A-3 - Pawnbroker to Enter on Pawn Ticket Record of Information.

Section 5-19A-4 - Certain Information to Be Printed on Pawn Tickets.

Section 5-19A-5 - Statement Verifying Pledgor Is Rightful Owner of Goods; Pawnbroker to Maintain Record of Transactions; Goods to Be Maintained on Premises for Certain Number of Days Before Resale.

Section 5-19A-6 - Redemption or Automatic Forfeiture of Pledged Goods.

Section 5-19A-7 - Pawnshop Charge; Amounts in Excess of Pawnshop Charge.

Section 5-19A-8 - Certain Acts by Pawnbrokers Prohibited.

Section 5-19A-9 - Pledgor Presenting Pawn Ticket Entitled to Redeem or Repurchase Goods; Lost or Damaged Pledged Goods in Possession of Pawnbroker; Lost, Destroyed, or Stolen Pawn Ticket.

Section 5-19A-10 - Liens for Pawnbrokers; Pledged Goods Not Redeemed on or Before Maturity Date Fixed in Ticket.

Section 5-19A-11 - Licensing Generally; Annual Fee; Temporary License; When New License Not Required Upon Change in Ownership.

Section 5-19A-12 - Eligibility for Pawnshop License; Application Fee.

Section 5-19A-13 - Suspension or Revocation of License; Notice and Hearing; Surrender of License.

Section 5-19A-14 - Application for New Pawnshop License, Transfer of Existing License, Etc.

Section 5-19A-15 - No Confiscation of Property Pledged to Pawnbroker if Property May Be Put on Seven-Day Hold; When Property May Be Placed on Hold.

Section 5-19A-16 - Penalties for Failure to Secure License.

Section 5-19A-17 - Penalties for Willful Violation of Chapter or for False Entry in Required Records; Compliance Enforced by Supervisor; Order Requiring Person to Refrain From Violation.

Section 5-19A-18 - Department of Public Safety to Supply Available Arrest and Conviction Records.

Section 5-19A-19 - Ordinances to Be in Compliance With but Not More Restrictive Than Chapter.

Section 5-19A-20 - Pawnbrokers to Be Subject to Licensing and Issuance Fees Under Chapter 12 of Title 40; Chapter Not to Repeal Uniform Commercial Code.