Section 16-912. SALE OF PLEDGES AT AUCTION

Latest version.

912.1In computing the period of six (6) months after which the licensee may sell the pledge, as specified in the Act, the beginning date shall be the date that the loan was first transacted and custody of the pledge transferred to the licensee.

912.2The period of six (6) months shall be a period of continuous and uninterrupted possession of a pledge by the licensee counted from the date of the loan transaction.

authority

Pawnbroker Industry Improvement Act of 1984, effective March 13, 1985 (D.C. Law 5-137; 31 DCR 5743 (November 16, 1984)).

source

§ 2 of the Commissioners’ Order 57-1638 (August 22, 1957), published at 4 DCR 53 (September 9, 1957); as amended by Article 41 of the Police Regulations, § 10 (May 1981); as amended by § 3(b) of the Pawnbroker Industry Improvement Act of 1984, effective March 13, 1985 (D.C. Law 5-137; 31 DCR 5743 (November 16, 1984)).

                    
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