Cal. Financial Code § 21401
Cal. Financial Code § 21401
California · California Financial Code · Status: effective · Effective 2025-01-01
Cite this
- Citation
- Cal. Financial Code § 21401, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/815482
- Permanent ID
ys:prov:815482@1- SHA-256
37bbd0cfa0c8454ff44ace87ed5eb461ccfae736449d17dcf81b01e13614778d
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
The Legislature finds and declares all of the following:
(a) Pawnbroker businesses provide a valuable source of short-term credit for economically vulnerable consumers and the state’s unbanked population, as everyone who seeks a pawn loan can borrow money regardless of creditworthiness.
(b) Individuals who use pawnbroker loans in this state use those loans for, among other things, paying for the necessities of life.
(c) The Legislature recognizes that education for licensed pawnbrokers, as defined in this chapter, will ensure the highest standards of conduct and compliance with state and federal laws applicable to pawnbroker businesses.
(d) In order to continuously improve the competence of licensed pawnbrokers, the Legislature encourages all licensees to regularly engage in continuing education related to the profession, as defined in this chapter.