California Statutes
§ 21401. — 21401. (Added by Stats. 2024, Ch. 223, Sec. 3.)
California·Code FIN Financial Code - FIN·Div. 8. DIVISION 8. PAWNBROKERS·Ch. 4. CHAPTER 4. Pawnbroker Education Act
The Legislature finds and declares all of the following:
(a)Pawnbroker businesses provide a valuable source of short-term credit for economically vulnerable consumers and the state’s unbanked population, as everyone who seeks a pawn loan can borrow money regardless of creditworthiness.
(b)Individuals who use pawnbroker loans in this state use those loans for, among other things, paying for the necessities of life.
(c)The Legislature recognizes that education for licensed pawnbrokers, as defined in this chapter, will ensure the highest standards of conduct and
compliance with state and federal laws applicable to pawnbroker businesses.
(d)In order to continuously improve the competence of licensed pawnbrokers, the Legislature encourages all licensees to regularly engage in contin
Free access — add to your briefcase to read the full text and ask questions with AI
California § 21401. (21401. (Added by Stats. 2024, Ch. 223, Sec. 3.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2024, Ch. 223, Sec. 3. (AB 2231) Effective January 1, 2025. Repealed as of January 1, 2029, pursuant to Section 21413.