Fraudulently pledging or selling property is a Class B misdemeanor if the amount received by the customer was less than fifty dollars. If the amount received by the customer was more than fifty dollars but less than one hundred dollars, the crime shall be a Class A misdemeanor. Fraudulently pledging or selling property is a Class C felony if the amount received by a customer from the pawnbroker is one hundred fifty dollars or more. The act contains provisions pertaining to property used by law enforcement officers in investigations and the subsequent return of the property to the pawnbroker. When a law enforcement officer has probable cause to believe that stolen goods or property are in the possession of a pawnbroker, the officer may place a hold on the property.
Information required by the hold order is specified.
A pawn broker may make personal credit loans with state titled personal property as security. The pawnbroker may charge an interest rate of up to two percent per month and may charge a fee to cover costs incurred in assessing the value of the property, insuring it, and any administrative costs.