SB 0613 Modifies provisions for return of leased property held by pawn broker to the claimant
LR Number:1987S.01I Fiscal Note:1987-01
Committee:Commerce and Environment
Last Action:04/01/03 - Hearing Conducted S Commerce & Environment Committee Journal page:
Effective Date:August 28, 2003
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Current Bill Summary

SB 613 - This act removes the requirement that property subject to a lease, rental transaction or retail installment contract that is held by a pawnbroker can only be released to the claimant upon payment of all moneys owed to the pawnbroker. A pawnbroker shall be free of liability in connection with the recovery of leased or rental property upon return of such property to the claimant.