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Michigan Legislature
Michigan Compiled Laws Complete Through PA 20 of 2021
House: Adjourned until Thursday, June 17, 2021 12:00:00 PM
Senate: Adjourned until Thursday, June 17, 2021 10:00:00 AM

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Act 273 of 1917
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Act 273 of 1917

AN ACT to regulate and license pawnbrokers that conduct business in this state; to provide for the disposition of allegedly misappropriated property in the possession of pawnbrokers; to provide remedies and prescribe penalties; and to provide for the powers and duties of certain local governmental units and state agencies.

History: 1917, Act 273, Eff. Aug. 10, 1917 ;-- Am. 2002, Act 469, Imd. Eff. June 21, 2002 ;-- Am. 2018, Act 345, Eff. Jan. 14, 2019

The People of the State of Michigan enact:

Section 446.201SectionPawnbrokers; license required; exception; internet drop-off store exempt from licensure.
Section 446.202SectionLicenses; issuance; contents; term; transferability; fee; bond; limitations.
Section 446.203SectionDefinitions.
Section 446.204SectionLicensed pawnbroker; action upon bond.
Section 446.205SectionRecord of property received; contents; inspection; form of permanent record.
Section 446.206SectionStatement to police of articles received; contents.
Section 446.207SectionRepealed. 1980, Act 199, Imd. Eff. July 10, 1980.
Section 446.208SectionPurchaser's memorandum of pawn; contents.
Section 446.209SectionInterest on loans; rate; storage charge; time of payment; computation; fee or excess charge prohibited.
Section 446.210SectionTitle to item; sale of pledged or pawned item; time of possession.
Section 446.211SectionPayment or tender of debt before sale; effect as to title and right to property; agreement to permit pawner to maintain possession.
Section 446.212SectionMisappropriated property; effect of written hold order; delivery of property to person claiming ownership; return of property to pawnbroker; liability; "appropriate law enforcement official" defined.
Section 446.213SectionPawned property; destruction or defacing unlawful; visibility of serial number or insignia.
Section 446.214SectionPawned property; acceptance from certain persons prohibited.
Section 446.216SectionBond of complainant; amount, surety.
Section 446.217SectionTransaction of business on Sunday unlawful.
Section 446.218SectionViolation of act; penalty.
Section 446.219SectionViolation of act; revocation of license; duration.
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