Statute · California Financial Code
Cal. Fin. Code § 21200 — Pawnbroker Regulations
Cal. Fin. Code § 21200
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 2016-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) Except as otherwise provided in this chapter, no pawnbroker shall charge or receive compensation at a rate exceeding the sum of the following:
Citator
Cal. Fin. Code § 21200 — Pawnbroker Regulations is in force in the current edition of the Code, and nothing recorded condemns it.
(a) Except as otherwise provided in this chapter, no pawnbroker shall charge or receive compensation at a rate exceeding the sum of the following:
(1) Three percent per month on the unpaid principal balance of any loan.
(2) A charge not exceeding three dollars ($3) a month on any loan when the monthly charge permitted by paragraph (1) would otherwise be less.
(b) One month’s interest may be charged for any part of the month in which pawned property is redeemed.