Alabama Pawnshop Act
Alabama · Banks and Financial Institutions · §§ 5-19A-1 to 5-19A-9 · 20 sections
Overview
The act establishes a licensing scheme for pawnshops and the people who work in them, requiring a license to operate and placing pawnbrokers under the oversight of a designated state regulator with authority to make rules implementing the act. It sets the terms of entry and continued operation — eligibility and minimum net-asset standards, bonding and insurance, an application process with investigation, notice, and a hearing before approval or denial, and license terms, fees, renewal, and grounds for refusing renewal. It also governs how a licensed business may change over time, addressing additional locations, relocation, changes of ownership, transfer of a license, the appointment of an agent, a pawnbroker's responsibility for employees and agents, and conditions of operation such as display of the license and permitted business hours.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
In the courts
Sections of this act have been cited in 23 court decisions.
Most-cited authority: 214 B.R. 20 - Mattheiss v. Title Loan Express (In Re Mattheiss)
Sections covered
- Ala. Code § 5-19A-1Short Title.4 cites
- Ala. Code § 5-19A-10Liens for Pawnbrokers; Pledged Goods Not Redeemed on or Before Maturity Date Fixed in Ticket.6 cites
- Ala. Code § 5-19A-11Licensing Generally; Annual Fee; Temporary License; When New License Not Required Upon Change in Ownership.
- Ala. Code § 5-19A-12Eligibility for Pawnshop License; Application Fee.
- Ala. Code § 5-19A-13Suspension or Revocation of License; Notice and Hearing; Surrender of License.
- Ala. Code § 5-19A-14Application for New Pawnshop License, Transfer of Existing License, Etc.
- Ala. Code § 5-19A-15No Confiscation of Property Pledged to Pawnbroker If Property May Be Put on Seven-Day Hold; When Property May Be Placed on Hold.
- Ala. Code § 5-19A-16Penalties for Failure to Secure License.
- Ala. Code § 5-19A-17Penalties for Willful Violation of Chapter or for False Entry in Required Records; Compliance Enforced by Supervisor; Order Requiring Person to Refrain from Violation.
- Ala. Code § 5-19A-18Department of Public Safety to Supply Available Arrest and Conviction Records.
- Ala. Code § 5-19A-19Ordinances to Be in Compliance with but Not More Restrictive Than Chapter.
- Ala. Code § 5-19A-2Definitions.4 cites
- Ala. Code § 5-19A-20Pawnbrokers to Be Subject to Licensing and Issuance Fees Under Chapter 12 of Title 40; Chapter Not to Repeal Uniform Commercial Code.1 cite
- Ala. Code § 5-19A-3Pawnbroker to Enter on Pawn Ticket Record of Information.2 cites
- Ala. Code § 5-19A-4Certain Information to Be Printed on Pawn Tickets.
- Ala. Code § 5-19A-5Statement Verifying Pledgor Is Rightful Owner of Goods; Pawnbroker to Maintain Record of Transactions; Goods to Be Maintained on Premises for Certain Number of Days Before Resale.1 cite
- Ala. Code § 5-19A-6Redemption or Automatic Forfeiture of Pledged Goods.3 cites
- Ala. Code § 5-19A-7Pawnshop Charge; Amounts in Excess of Pawnshop Charge.2 cites
- Ala. Code § 5-19A-8Certain Acts by Pawnbrokers Prohibited.
- Ala. Code § 5-19A-9Pledgor Presenting Pawn Ticket Entitled to Redeem or Repurchase Goods; Lost or Damaged Pledged Goods in Possession of Pawnbroker; Lost, Destroyed, or Stolen Pawn Ticket.
Enacted in other states
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