§445-134.11 Pawn transaction agreement; disclosure requirements. (a) All pawn transaction agreements shall be in writing.

(b) The pawnbroker shall provide the customer with a signed copy of the pawn transaction agreement.

(c) The pawn transaction agreement shall include:

(1) The name, address, and telephone number of the pawnbroker;

(2) The name, address, telephone number, and date of birth of the customer;

(3) The type of identification presented by the customer;

(4) The pawn transaction number;

(5) The date on which the pawn transaction agreement is signed;

(6) The net amount paid to, received by, or paid or payable for the account of the customer, expressed as the "amount financed";

(7) The dollar amount of the pawn finance charge, expressed as the "finance charge";

(8) The rate of the pawn finance charge as applied to the amount financed, expressed as the "annual percentage rate";

(9) The total amount that must be paid to redeem the pledged goods on or before the maturity date, expressed as the "total of payments";

(10) An identification of pledged goods, including all serial numbers and model numbers, where available, and any other identifying markings or information;

(11) The maturity date of the pawn transaction;

(12) A statement to the effect that the customer is not obligated to redeem the pledged goods, and the pledged goods shall be forfeited to the pawnbroker upon the expiration of the last holding period, provided that the pledged goods may be redeemed by the customer within the holding period by making payment of the originally agreed total of payments plus an additional pawn finance charge in accordance with section 445-134.12; and

(13) The date on which the holding period expires. [L 1992, c 192, pt of §2]