Original sentence: If an item is pawned for a loan, within a certain contractual period of time the pawner may purchase it back for the amount of the loan plus some agreed-upon amount for interest.If the loan is not paid (or extended, if applicable) within the time period, the pawned item will be offered for sale by pawnbroker/secondhand dealer.The amount of time, and rate of interest, is governed by law or by the pawnbroker's policies.The pawnbroker/secondhand dealer also sells items that have been sold outright by customers to the dealer.Unlike other lenders, though, the pawnbroker does not report the defaulted loan on the customer's credit report, since the pawnbroker has physical possession of the item and may recoup the loan value through outright sale of the item