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      • PAWN SHOP Definition & Legal Meaning Definition & Citations: A small shop which allows an individual to get a loan, after providing personal property, of an equivalent value, as collateral. If the loan is repaid within the time frame that was agreed, that personal property will be returned.
  1. Define Pawn Shop. means the use of a building, or portion of a building, for the business of taking goods or chattels excluding the sale of firearms in pawn whether or not the provisions of the Pawnbrokers Act R.S.B.C. 1996, c. 350, as amended or replaced from time to time, apply to the business.

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  3. Ohio pawn shops are licensed and regulated by the Department of Commerce’s Division of Financial Institutions. The Ohio Pawnbroker Act is listed under Title XLVII > Chapter 4727, and can be read online.

  4. PAWN SHOP Definition & Legal Meaning. Definition & Citations: A small shop which allows an individual to get a loan, after providing personal property, of an equivalent value, as collateral. If the loan is repaid within the time frame that was agreed, that personal property will be returned.

  5. Pawnshops are in the business of lending money on the security of pledged goods left in pawn, or in the business of purchasing tangible personal property to be left in pawn on the condition that it may be redeemed or repurchased by the seller for a fixed price within a fixed period of time.

  6. Dec 17, 2021 · A pawnshop is a business in which a person can get a loan of cash in exchange for handing over personal property of value, such as jewelry, to the pawn shop owner. The item of property is technically a kind of security for the loan.

  7. Pawnshop means a building or portion thereof where personal property is received and for which money is advanced, with the right of privilege granted to the person to whom said money is advanced to reclaim such property upon repayment of said money, together with all legal charges incident thereto.

  8. Jan 24, 2014 · Ohio Administrative Code Provisions Relating to Pawn Shops and Pawnbrokers. Ohio Administrative Code 5703. Department of Taxation Chapter 5703-33. Financial institution tax 5703-33-04. Pawn shops and pawnbrokers (A) Chapter 4727. of the Revised Code provides the following definition of a pawnbroker: "Pawnbroker" means a person engaged in the ...

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