Employment

Lending services in North & South Carolina.

Pawn South, Inc. adheres to all pawn broking laws set forth by the state of North Carolina and South Carolina. NC General Statutes Chapter 66 Article 45 was created by the NC legislature to govern the pawn broking industry in NC. The SC Department of Consumer Affairs is South Carolinas consumer protection agency and governs the pawn broking industry in that state. Pawn South, Inc. strictly follows both sets of laws and guidelines provided by each institution.

Pawnbroker fees; interest rates.
No pawnbroker shall demand or receive an effective rate of interest greater than two percent
(2%) per month, and no other charge of any description or for any purpose shall be made by the
pawnbroker, except that the pawnbroker may charge, contract for, and recover an additional
monthly fee for the following services, including but not limited to:
(1) Title investigation;
(2) Handling, appraisal, and storage;
(3) Insuring a security;
(4) Application fee;
(5) Making daily reports to local law enforcement officers; and
(6) For other expenses, including losses of every nature, and all other services.

In no event may the total of the above listed monthly fees on a pawn transaction exceed twenty percent (20%) of the principal up to a maximum of the following:
First month $100.00
Second month 75.00
Third month 75.00
Fourth month and thereafter 50.00

In addition, pawnbrokers may charge fees for returned checks as allowed by G.S. 25-3-506.
(1989, c. 638, s. 2; 1995 (Reg. Sess., 1996), c. 742, s. 37; 2012-46, s. 2.)