Hawaii Revised Statutes 445-134.16 – Pawnbroker liability
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Terms Used In Hawaii Revised Statutes 445-134.16
- Pawnbroker: means a person engaged in the business of making pawn transactions, but does not include financial institutions whose deposits are federally insured and companies that are regulated or supervised by the division of financial institutions. See Hawaii Revised Statutes 445-131
- Pledged goods: means tangible personal property, other than choses in action, securities, or printed evidences of indebtedness, that is deposited with or otherwise actually delivered into the possession of a pawnbroker in the course of the pawnbroker's business and in connection with a pawn transaction. See Hawaii Revised Statutes 445-131
Where the pawnbroker has exercised reasonable care in holding pledged goods, a pawnbroker’s liability shall be limited to twice the original pawn amount or replacement in kind, at the pawnbroker’s option, where the pledged goods have become lost, damaged, or stolen.