Concerning Exclusion From The "Uniform Consumer Credit Code" Of Certain Charges By Persons Regularly Engaged In Making Contracts For Purchase Of Tangible Personal Property In The Course Of Business If Those Charges Do Not Exceed Amounts Permitted By Law.
The bill clarifies that the pawnbroker exclusion to the "Uniform Consumer Credit Code" applies to all pawnbrokers' rates and charges, and the disclosure of rates and charges, if the rates and charges do not exceed the fixed price set forth in the laws regulating pawnbrokers.