No pawnbroker shall sell any pawn or pledge item until (i) it has been in his possession for the minimum term set forth in the memorandum, but not less than 30 days, plus a grace period of 15 days and (ii) a statement of ownership is obtained from the pawner. If a motor vehicle is pawned, the owner of the motor vehicle shall comply with the requirements of § 46.2-637. In the event of default by the pawner, the pawnbroker shall comply with the requirements of § 46.2-633. Otherwise, the pawnbroker shall comply with the requirements of § 46.2-636 et seq. All sales of items pursuant to this section may be made by the pawnbroker in the ordinary course of his business.
Code 1950, § 54-847; 1986, c. 316; 1988, c. 765; 1998, c. 848; 1999, c. 327; 2012, c. 586.
Structure Code of Virginia
Title 54.1 - Professions and Occupations
§ 54.1-4000. Definition of pawnbroker
§ 54.1-4001. License required; license authorized by court; building designated in license; penalty
§ 54.1-4002. Local limitations as to number of pawnshops
§ 54.1-4003. Bond required; private action on bond
§ 54.1-4004. Memorandum to be given pledgor; fee; lost ticket charge
§ 54.1-4005. Sale of goods pawned
§ 54.1-4008. Interest chargeable
§ 54.1-4009. Records to be kept; credentials of person pawning goods; fee; penalty
§ 54.1-4011. Officers may examine records or property; warrantless search and seizure authorized
§ 54.1-4012. Property pawned or purchased not to be disfigured or changed
§ 54.1-4013. Care of tangible personal property; evaluation fee
§ 54.1-4014. Penalties; violation of the Virginia Consumer Protection Act