Free Legal Forms
| Pawn Agreement & Disclosure |
|
Dated: ________________________________ Transaction number: ___________________ CUSTOMER: _____________________________ _______________________________________ _______________________________________ 1. AMOUNT FINANCED (the amount of credit provided you or on your behalf): $_____(______________ ______________ & _____/100 dollars) 2. ***FINANCE CHARGE*** (the dollar amount the credit will cost you): $_____(______________________________ & ____/100 dollars) 3. ***ANNUAL PERCENTAGE RATE*** (the cost of your credit as a yearly rate) ______% 4. Total amount of payments (the amount you will have paid when you have made all scheduled payments): $____(_______________________________ & _____/100 dollars) PAYMENT TERMS This loan is payable in ___ payments each ______ of $_____(__________ & ____/100 dollars) each. Security interest. This loan is secured by a pledge of personal property described as follows: ____________________________________________________________. The pledge will remain in the possession of pawnbroker until this loan is determined. In the event the customer has not paid in full the Total of Payments indicated above within __________ months, or this loan has not been renewed within such period of time as provided for below, the pledge described herein may be forfeited and sold. PREPAYMENT OF LOAN Customer may prepay without penalty the unpaid balance of this loan. On prepayment in full, customer will be entitled to a refund of the unearned FINANCE CHARGE under the Rule of 78’s. THIS PAWN TICKET MUST ACCOMPANY ALL PAYMENTS. Notify pawnbroker at once if this ticket is lost. CUSTOMER HEREBY ACKNOWLEDGES RECEIPT OF A COPY OF THIS STATEMENT. _______________________________ Customer _______________________________ Pawn Broker |
Disclaimer: TrialData.com provides general information only and does not provide legal advice of any kind. TrialData.com is not an attorney or a law firm and is not a substitute for an attorney or law firm. If you have a legal question or you determine that legal or other expert assistance are required, you are urged to consult with a duly licensed and competent attorney in your jurisdiction. Use of the information provided and the TrialData.com site is subject to the Terms and Conditions of Use.