§ 40-14-361 — Limitation on agreement and practices

(a) No pawnbroker shall make an agreement requiring the
personal liability of a customer in connection with a pawn
transaction. No customer may be required to redeem pledged goods
or make any payment on a pawn transaction. The sole remedy of a
pawnbroker for nonpayment of a loan by a customer or failure to
redeem or repurchase tangible personal property by a customer in
a pawn transaction is the right to title of the pledged tangible
personal property.
(b) Pawnbrokers shall not make any charge for insurance in
connection with a pawn transaction.
(c) Pawnbrokers shall post in a conspicuous place on their
premises a schedule of business days and hours during which pawn
transactions may be redeemed.
Part 8. Post dated Check Cashing
‑