SB 371

Abstract

A BILL to be entitled an Act to amend Part 5 of Article 3 of Chapter 12 and Part 5 of Article 8 of Chapter 14 of Title 44 of the Official Code of Georgia Annotated, relating to pawnbrokers and liens by pawnbrokers, factors, bailees, acceptors, and depositories, respectively, so as to provide for installment pawn transactions with a fixed term for such transactions involving the pledge of a motor vehicle or a motor vehicle certificate of title as security; to provide for procedures, conditions, and limitations for such pawn transactions; to provide for a definition; to provide for permitted charges, term length, and prepayment of such pawn transactions; to provide for acceleration of such pawn transactions and permitted grace periods; to provide for related matters; to repeal conflicting laws; and for other purposes.