§ 227-1. Definitions.

Latest version.

As used in this chapter, the following terms shall have the meanings indicated:

PAWNBROKER or COLLATERAL LOAN BROKER

Any person who:

A.

Loans money on deposit or pledge of personal property, other than securities or printed evidence of indebtedness;

B.

Deals in the purchasing of personal property on condition of selling back at a stipulated price; or

C.

Designates or does business as furniture storage warehouseman, and loans and advances money upon goods, wares or merchandise pledged or deposited as collateral security.

                    
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