Indiana Code 28-7-5-21.5. Required disclosure of information
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Terms Used In Indiana Code 28-7-5-21.5
- Pawn: means lending money on the deposit or pledge of personal property, or purchasing personal property on the condition of selling the property back again at a stipulated price, with the condition indicated verbally, in a written agreement, or in any other form indicating that the seller may repurchase the personal property sold. See Indiana Code 28-7-5-2
- Pawnbroker: means any person, partnership, association, limited liability company, or corporation that engages in the pawn business. See Indiana Code 28-7-5-2
Sec. 21.5. A pawnbroker is required to disclose to a debtor in a pawn transaction the information required by the Consumer Credit Protection Act (15 U.S.C. § 1601 et seq.) and by regulations adopted under that act.
As added by P.L.172-1997, SEC.21. Amended by P.L.80-1998, SEC.18; P.L.159-2017, SEC.42.