California Codes

Cal. Financial Code § 21002 (2026)

✓ current as of May 2026

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(a)As used in this division, “pledged property” is property held as security for a loan, the title to which remains with the pledgor and has not passed to the pawnbroker pursuant to Section 21201.

(b)“Vested property” is property the title to which has been transferred from the pledgor to the pawnbroker pursuant to Section 21201. Vested property is not pledged property.

Notes of Decisions

Cited in 3 cases (1 in the last 5 years), 2009–2023 · leading case: People v. Hernandez, 172 Cal. App. 4th 715 (Cal. Ct. App. 2009).

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People v. Hernandez, 172 Cal. App. 4th 715 (Cal. Ct. App. 2009). “” (Fin. Code, §§ 21002, 21201.) Here, the record does not reflect the status of the property when the court issued its ex parte order.”

Schnitzel, Inc. v. Sorensen (In Re Sorensen), 586 B.R. 327 (9th Cir. BAP 2018). “Vested property is not pledged property."). In other words, the right to redeem pawned property under California law does not expire until ten days after the pawnbroker gives proper notice to the pledgor.”

BlockFi Inc. (Bankr. D.N.J. 2023). “]” Cal. Fin. Code § 21002 (a) (emphasis added).”

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