The surplus money from the sale, after deducting the amount of the loan, the interest then due on the loan, and the expenses of the notice and sale, shall be paid over by the pawnbroker to the person who would have been entitled to redeem the pledge had the sale not taken place.
(Aug. 6, 1956, 70 Stat. 1042, ch. 970, § 15; Mar. 13, 1985, D.C. Law 5-137,§ 2(c), 31 DCR 5743; Sept. 26, 2012, D.C. Law 19-171, § 302, 59 DCR 6190.)
1981 Ed., § 2-1915.
1973 Ed., § 2-2015.
D.C. Law 19-171 enacted this subchapter into law.
Structure District of Columbia Code
Title 47 - Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]
Chapter 28 - General License Law
Subchapter IV - Other Licenses
§ 47–2884.02. License required; display of sign or emblem
§ 47–2884.05. License—Issuance; fee; contents; display; transferability; change of place or business
§ 47–2884.06. License—Revocation; suspension; renewal; renewal fee; procedure; surrender
§ 47–2884.08. Advertising; statement of rates
§ 47–2884.09. Maximum rate of interest permitted; repayment of loan
§ 47–2884.12. Borrower to receive memorandum of loan transaction
§ 47–2884.13. Sale of pawn or pledge—Required time of possession
§ 47–2884.14. Sale of pawn or pledge—Notice
§ 47–2884.15. Sale of pawn or pledge—Disposition of surplus moneys
§ 47–2884.16. Penalties for violation of part; loan declared void; pledge returned
§ 47–2884.17. Rules and regulations