Alabama Statutes

§ 5-19A-6 — Redemption or Automatic Forfeiture of Pledged Goods

Alabama·Title 5 Banks and Financial Institutions·Ch. 19A Alabama Pawnshop Act
A pledgor shall have no obligation to redeem pledged goods or make any payment on a pawn transaction. Pledged goods not redeemed within 30 days following the originally fixed maturity date shall be forfeited to the pawnbroker and absolute right, title, and interest in and to the goods shall vest in the pawnbroker.

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Related

In Re Young
281 B.R. 74 (S.D. Alabama, 2001)
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In re Bramlett
483 B.R. 244 (N.D. Alabama, 2012)
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In Re Jones
206 B.R. 569 (M.D. Alabama, 1997)
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Bernice Gunn v. Title Max of AL, Inc.
317 F. App'x 883 (Eleventh Circuit, 2008)
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Donna R Thompson
(M.D. Alabama, 2019)
Gregory Mayo
(M.D. Alabama, 2021)
Kisha Yvonne Daniel
(M.D. Alabama, 2019)
Levia Womack
(M.D. Alabama, 2020)

Legislative History

(Acts 1992, No. 92-597, p. 1227, §6.)

Nearby Sections

15
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