Any person who loans money on deposit of personal property, or who deals in the
purchase of personal property on condition of selling the property back again at a
stipulated price, or who makes a public display at his place of business of the sign
generally used by pawnbrokers to denote their business, or who publicly exhibits a sign
advertising money to loan on personal property or deposit is a pawnbroker.
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 3787.
Notes of Decisions
Peel v. Dummit, Atty. Gen., 214 S.W.2d 605 (Ky. Ct. App. 1948).
“Chapter 216 of the Acts of 1946, entitled “An Act relating to pawnbrokers,” makes it unlawful for pawnbrokers, as defined in KRS 226.010, to charge an interest rate in excess of 3%% a mo-nth on loans made on deposit of personal property, and prohibits them, when pur *401 chasing…”
Commonwealth ex rel. Chandler v. Kentucky Title Loan, Inc., 16 S.W.3d 312 (Ky. Ct. App. 1999).
· cites it 9× “(KTL) fell within the scope of the definition of “pawnbroker” as set forth in KRS 226.010. Accordingly, the court dismissed the action brought by the Attorney General against KTL.”
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