Pennsylvania Code & Bulletin
COMMONWEALTH OF PENNSYLVANIA

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10 Pa. Code § 65.1. Form.

§ 65.1. Form.

 Pawn tickets shall contain all of the following information:

   (1)  Serial number of the loan, which shall be printed at or near the top of the ticket.

   (2)  Name and address of licensee.

   (3)  Name and address of pledgor.

   (4)  Name and address of disclosed principal, if any.

   (5)  Description of the pledge, which shall be as accurate as possible.

   (6)  Date of loan.

   (7)  Amount actually loaned.

   (8)  Due date of loan.

   (9)  Total amount of principal and charges required to redeem the pledge on the due date.

   (10)  A statement that the loan may be repaid before the due date, and that charges shall be collected only for the time from the date of loan to the date of redemption.

   (11)  A statement that the pledge may be sold by the licensee 90 days after the due date if not redeemed on or before that time.

   (12)  Amount fixed by the pledge as the minimum price for which the pledge may be sold by the licensee at private sale in case of default. This amount shall be at least 125% of the amount of the loan.

   (13)  A statement of the minimum charges on loans, as provided in §  63.3(a) (relating to minimum charges).

   (14)  A statement that minimum charges shall not be made on renewal loans.

   (15)  A statement that when a minimum charge is paid and the loan is renewed, the pledgor shall receive credit on account of future charges for the amount by which the minimum charge exceeds the charges accrued.

   (16)  A statement of the eight-month renewal provision, described in §  63.14 (relating to eight-month renewal).

   (17)  A statement that no notice of the contemplated sale of a pledge shall be furnished the pledgor when the original loan granted was less than seven dollars.

   (18)  The pawn ticket shall show the following information on renewal or renewed loans for cross-reference record:

     (i)   Serial number of last previous loan.

     (ii)   Serial number of next subsequent loan.

     (iii)   Date of original loan.



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