(a) The pledgor or seller shall sign a statement verifying that the pledgor or seller is the rightful owner of the goods or is entitled to sell or pledge the goods and shall receive an exact copy of the pawn ticket which shall be signed or initialed by the pawnbroker or any employee of the pawnbroker.
(b) The pawnbroker shall maintain a record of all transactions of pledged or purchased goods on the premises. A pawnbroker shall make available to the appropriate law enforcement agency a record of the transactions. These records shall be a correct copy of the entries made of the pawn or purchase transaction, except as to the amount of cash advanced or paid for the goods and the monthly pawnshop charge.
(c) All goods purchased by the pawnbroker except for automobiles, trucks, and similar vehicles shall be maintained on the premises by the pawnbroker for at least fifteen business days before the goods may be offered for resale. Automobiles, trucks, and similar vehicles shall be maintained on the premises for 21 calendar days.
Structure 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-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-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-16 - Penalties for Failure to Secure License.
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.