Tennessee Code 45-6-214 – Right to redeem
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 45-6-214
- Pawnbroker: means any person, partnership or corporation engaged in the business of lending money on the security of pledged goods. See Tennessee Code 45-6-203
- Person: means any individual, corporation, joint venture, association or any other legal entity however organized. See Tennessee Code 45-6-203
- Pledged goods: means tangible personal property, other than choses in action, securities, printed evidences of indebtedness or title documents, which tangible personal property is purchased by, deposited with, or otherwise actually delivered into the possession of a pawnbroker in connection with a pawn transaction, and includes "pawn" or "pledged property" or similar words. See Tennessee Code 45-6-203
Except as otherwise provided by this part, any person presenting a pawn ticket to the pawnbroker may be presumed to be entitled to redeem the pledged goods described in the pawn ticket.