[Jewelry making - Article 00127] - Re: [Orchid] Can a Pawshop Legally Sell Our Stolen Goods?

[Marianne Hunter]

========[ Invite a Friend - http://www.ganoksin.com/invite.htm  ]========

    A Pawn shop is required to take and keep records of everything it
    takes in either in pawn or outright purchase and from whom it was
    received.. They are required to hold goods for a specified amount of
    time to allow police to match to reports of stolen goods. They are
    required to notify patrons if they are overdue on their interest
    payments. They may not sell pawned goods without doing so. They can
    be arrested if they don't follow the rules and if something they
    bought was stolen from you and you can prove it, they have to give it
    back to you, even though they paid for it., So it is in their own
    self-interest to be very careful. Pawn shops make their living in 2
    ways: 1.on the interest of repeat pawn customers who come in when
    they need a small fast loan, pay interest on the loan until they
    redeem their merchandise by repaying the loan and pawn again when
    they need cash. 2. Buying items outright and reselling them at a
    profit. A pawnshop owner whose clients do not redeem (repay) their
    loans will go out of business; so it is not in their best interests
    for people to lose their goods through lack of payments. 

I think all the above is still true.
Marianne Hunter

____________________________________________________________________
T h e   O r c h i d   L i s t
Open Electronic Forum for Jewelry Manufacturing Methods and Procedures
____________________________________________________________________
Orchid FAQ:
~ http://www.ganoksin.com/orchid/faq.htm
Orchid Archives:
~ http://www.ganoksin.com/orchid/archive
Orchid Galleries:
~ http://www.ganoksin.com/orchid/gallery.htm
Invite a Friend:
~ http://www.ganoksin.com/invite.htm
____________________________________________________________________
Tips From The Jeweler's Bench - Article Archive
~ http://www.ganoksin.com/borisat/tip_sear.htm
The Jeweler's Selected Bibliography List
~ http://www.ganoksin.com/jewelry-books
Buy Orchid Jewelry:
~ http://www.ganoksin.com/shop
____________________________________________________________________
-Unsubscribe:
-Email: orchid-request AT ganoksin.com Body=unsubscribe subject=blank
____________________________________________________________________