Pennsylvania Code & Bulletin
COMMONWEALTH OF PENNSYLVANIA

• No statutes or acts will be found at this website.

The Pennsylvania Code website reflects the Pennsylvania Code changes effective through 52 Pa.B. 6342 (October 1, 2022).

10 Pa. Code § 61.10. Care of pledge.

§ 61.10. Care of pledge.

 (a)  Licensees shall be liable for partial or total loss of, or damage to, a pledge, when caused by failure of the licensee to exercise reasonable care.

 (b)  Licensees shall be liable for loss or damage due to fire, theft or burglary resulting from lack of reasonable care by the licensee.

 (c)  The burden of proof to establish reasonable care shall be upon the licensee.

 (d)  Licensees shall carry adequate insurance or take other reasonable precautions to protect pledges against loss, damage or destruction when the financial responsibility of the pawnbroker cannot assure adequate protection to the pledgor in case of loss.



No part of the information on this site may be reproduced for profit or sold for profit.


This material has been drawn directly from the official Pennsylvania Code full text database. Due to the limitations of HTML or differences in display capabilities of different browsers, this version may differ slightly from the official printed version.