Mckinleyville, CA asked in Business Law, Consumer Law and Contracts for California

Q: If an item pawned ends up having been reported stolen,but u don't find out til after u go to pay the pawn. The rightful

Owner has 60 days to come retrieve it from the pawn shop. If they don't,how long do u have to reclaim the item ,cause u already paid the loan,not knowing it was stolen til afterward.

1 Lawyer Answer

A: Whoever pawned a stolen item is sure to lose the item when the police find out where it is. If the item was reclaimed from the pawn shop before the police came to get it, they will probably go get it from whoever reclaimed it. In short, it makes no sense to pawn any item that you suspect has been stolen. The pawn shops have to keep accurate records.

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