S.C. Code § 40-39-70

Current through 2024 Act No. 225.
Section 40-39-70 - Recordkeeping; identity verifications; only owners or their agents may pawn or sell
(A) A pawnbroker shall keep a record, at the time of any loan or purchase, containing:
(1) an account, description, and digital photograph of the goods, articles, or things pawned, pledged, or purchased;
(2) the amount of money loaned thereon;
(3) the time of pledging them;
(4) the charges or the rate of interest to be paid on the loan; and
(5) the name and residence of the person selling, pawning, or pledging the goods, articles, or things.
(B) Before a pledge or purchase, the pawnbroker shall verify the identity of the pledgor or seller by reviewing a state-issued or federally issued photographic identification card, including a United States military identification card, or a passport issued by the United States.
(C) A pawn or purchase transaction must be performed by the owner of the property, or his authorized agent, whose identity and agency relationship must be verified by the pawnbroker.

S.C. Code § 40-39-70

Amended by 2018 S.C. Acts, Act No. 191 (SB 810),s 1, eff. 8/15/2018.
Amended by 2016 S.C. Acts, Act No. 262 (HB 4090), s 9, eff. 6/9/2016.
1988 Act No. 491, Section 2.

Prior Laws:1900 (23) 427; Civ. C. '02 Section 1751; Civ. C. '12 Section 2627; Civ. C. '22 Section 3948; 1932 Code Section 7132; 1942 Code Section 7132; 1952 Code Section 56-1157; 1962 Code Section 56-1157; 1962 (52) 1959.