54.1-4013 - Care of tangible personal property; evaluation fee. - Virginia Statutes

§ 54.1-4013. Care of tangible personal property; evaluation fee.

A. Pawnbrokers shall store, care for and protect all of the tangible personalproperty in the pawnbroker's possession and protect the property from damageor misuse. Nothing in this chapter shall be construed to mean thatpawnbrokers are insurers of pawned property in their possession.

B. A pawnbroker may charge a monthly storage fee for any items requiringstorage, which fee shall not exceed five percent of the amount loaned on suchitem.

(Code 1950, § 54-856; 1988, c. 765; 1998, c. 848.)