A. Pawnbrokers shall store, care for and protect all of the tangible personal property in the pawnbroker's possession and protect the property from damage or misuse. Nothing in this chapter shall be construed to mean that pawnbrokers are insurers of pawned property in their possession.
B. A pawnbroker may charge a monthly storage fee for any items requiring storage, which fee shall not exceed five percent of the amount loaned on such item.
Code 1950, § 54-856; 1988, c. 765; 1998, c. 848.
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