66-388. Pawnbroker authority.
A pawnbroker licensee is authorized to: (i) make loans on pledges of tangible personal property, (ii) deal in bullion stocks, (iii) purchase merchandise for resale from dealers, traders, and wholesale suppliers and (iv) use its capital and funds in any lawful manner within the general scope and purpose of its creation. Notwithstanding the provisions of this section, no pawnbroker has the authority enumerated in this section unless he has fully complied with the laws regulating the particular transactions involved. (1989, c. 638, s. 2; 2012-46, s. 2.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 66 - Commerce and Business
Article 45 - Pawnbrokers, Metal Dealers, and Scrap Dealers.
§ 66-388 - Pawnbroker authority.
§ 66-390 - Requirements for licensure.
§ 66-391 - Record-keeping requirements for pawnbrokers.
§ 66-392 - Record-keeping requirements for currency converters and e-buyers.
§ 66-393 - Pawnbroker fees; interest rates.
§ 66-394 - Pawnbroker transactions.
§ 66-397 - Municipal or county authority.
§ 66-405 - Legislative finding.
§ 66-408 - Perjury; punishment.
§ 66-409 - Bond or trust account required.
§ 66-410 - Records to be kept.
§ 66-411 - Items not to be modified.
§ 66-412 - Purchasing from juvenile.
§ 66-414 - Portable smelters prohibited.
§ 66-421 - Required records and receipts for regulated metals transactions.
§ 66-422 - Inspection of regulated metals property and records.
§ 66-423 - Hold notices for nonferrous metals; retention of nonferrous metals.
§ 66-424 - Prohibited activities and transactions.
§ 66-425 - Permissible payment methods for nonferrous metals purchasers.
§ 66-426 - Issuance of nonferrous metals purchase permits by Sheriff; form; fees; recordkeeping.
§ 66-431 - Forfeiture of vehicles used to transport unlawfully obtained regulated metals property.