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Codified Laws
37-16 PAWNBROKERS
CHAPTER 37-16

PAWNBROKERS

37-16-1      Charging excessive interest as misdemeanor.
37-16-2      Sale of pledge during time for redemption as misdemeanor.
37-16-3      Conduct of business without municipal license as misdemeanor.
37-16-4      Refusal to disclose purchaser and price of article sold as misdemeanor.
37-16-5      Refusal to exhibit stolen goods as misdemeanor.



37-16-1Charging excessive interest as misdemeanor.

Every pawnbroker who receives goods in pledge for loans at any rate of interest above that allowed by law, is guilty of a Class 1 misdemeanor.

Source: SDC 1939, § 13.1827; SL 1977, ch 190, § 270.



37-16-2Sale of pledge during time for redemption as misdemeanor.

Every pawnbroker who sells any article received by him in pledge before the time to redeem the same has expired is guilty of a Class 1 misdemeanor.

Source: SDC 1939, § 13.1829; SL 1977, ch 190, § 271.



37-16-3Conduct of business without municipal license as misdemeanor.

Any person who carries on the business of a pawnbroker, except by authority of a license from a municipal corporation granted pursuant to § 9-34-8 or from a county commission granted pursuant to § 7-18-29, is guilty of a Class 1 misdemeanor.

Source: SDC 1939, § 13.1827; SL 1977, ch 190, § 272; SL 1994, ch 64, § 1.



37-16-4Refusal to disclose purchaser and price of article sold as misdemeanor.

Every pawnbroker who refuses to disclose the name of the purchaser and the price received by him for any article received by him in pledge and subsequently sold, is guilty of a Class 1 misdemeanor.

Source: SDC 1939, § 13.1829; SL 1977, ch 190, § 273.



37-16-5Refusal to exhibit stolen goods as misdemeanor.

Every pawnbroker and every junk dealer who, having received any goods which have been stolen, refuses to exhibit them upon demand during usual business hours to the owner of said goods or his agents authorized to demand an inspection thereof, is guilty of a Class 1 misdemeanor.

Source: SDC 1939, § 13.1828; SL 1977, ch 190, § 274.