North Carolina § 66-393 Pawnbroker fees; interest rates

North Carolina Statutes

§ 66-393 — Pawnbroker fees; interest rates

North Carolina § 66-393

Ch. 66Commerce and Business

Art. 45Pawnbrokers, Metal Dealers, and Scrap Dealers

This text of North Carolina § 66-393 (Pawnbroker fees; interest rates) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.C. Gen. Stat. § 66-393 (2026).

Text

No pawnbroker shall demand or receive an effective rate of interest greater than two percent (2%) per month, and no other charge of any description or for any purpose shall be made by the pawnbroker, except that the pawnbroker may charge, contract for, and recover an additional monthly fee for the following services, including but not limited to:

(1)Title investigation;

(2)Handling, appraisal, and storage;

(3)Insuring a security;

(4)Application fee;

(5)Making daily reports to local law enforcement officers; and

(6)For other expenses, including losses of every nature, and all other services. In no event may the total of the above listed monthly fees on a pawn transaction exceed twenty percent (20%) of the principal up to a maximum of the following: First month $100.00 Second month 75.

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No pawnbroker shall demand or receive an effective rate of interest greater than two percent (2%) per month, and no other charge of any description or for any purpose shall be made by the pawnbroker, except that the pawnbroker may charge, contract for, and recover an additional monthly fee for the following services, including but not limited to:
(1) Title investigation;
(2) Handling, appraisal, and storage;
(3) Insuring a security;
(4) Application fee;
(5) Making daily reports to local law enforcement officers; and
(6) For other expenses, including losses of every nature, and all other services.
In no event may the total of the above listed monthly fees on a pawn transaction exceed twenty percent (20%) of the principal up to a maximum of the following:
First month $100.00
Second month 75.00
Third month 75.00
Fourth month and thereafter 50.00
In addition, pawnbrokers may charge fees for returned checks as allowed by G.S. 25-3-506. (1989, c. 638, s. 2; 1995 (Reg. Sess., 1996), c. 742, s. 37; 2012-46, s. 2.)