legal  loans


Question by  ian (27)

What are the laws concerning title pawns?


Answer by  patti (29325)

The law varies from state to state. If you have used a title as collateral, details of the agreement are in the contract. You can GOOGLE "title pawns" and your state to get more specifics, though the contract/note says it all.


Answer by  Christian9247 (5042)

When you pawn something, you are putting an item up for collateral. The laws that govern pawning vary according to the contract between you and your broker.


Answer by  y3636363 (1380)

Well it depends on which jurisdiction you live in as that is specific to the state that you live in. Search google via location and question.


Answer by  patti (29325)

Pawning any item creates a contract. The laws then that would apply to the transaction/agreement are the laws that apply to contract law. These laws are spelled out in each state's revised code.


Answer by  Dean (4035)

When an item is pawned, including titles, there is a contract between the broker and the individual pawning the item. The contract outlines the various aspects of the contract and is signed by the individual. The laws pertaining to contracts apply.


Answer by  tamarawilhite (17883)

Only the person who has legal title to the item can pawn it. To pawn something you do not own is a crime, even if you did not steal it (such as pawning a family members' item). To sign the title as the legal owner is considered theft by fraud and is a legal offense.

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