Utah Code 13-32a-110.5. Transactions with certain individuals prohibited
Current as of: 2023 | Check for updates
|
Other versions
A pawn or secondhand business or catalytic converter purchaser may not engage in a pawn transaction or secondhand merchandise transaction or catalytic converter purchase with an individual who:
(1) | is younger than 18 years old; or |
(a) | an extension of credit in which an individual delivers property to a pawnbroker for an advance of money and retains the right to redeem the property for the redemption price within a fixed period of time; |
(b) | a loan of money on one or more deposits of personal property; |
(c) | the purchase, exchange, or possession of personal property on condition of selling the same property back again to the pledgor or depositor; or |
(d) | a loan or advance of money on personal property by the pawnbroker taking chattel mortgage security on the personal property, taking or receiving the personal property into the pawnbroker's possession, and selling the unredeemed pledges. See Utah Code 13-32a-102 |
(2) | appears to be under the influence of alcohol or a controlled substance. |
Amended by Chapter 201, 2022 General Session