Terms & Conditions

CONTRACT TERMS:

Term “month” means a period of time consisting of 30 consecutive calendar days.
INTEREST CHARGE. One Month’s interest may be charges for any part of the month in which pawned property is redeemed, including the 10-day notice (grace) period required. The maximum interest charges for the first three (3) months are:

Amount Loaned MAX. INTEREST CHARGED AMOUNT LOANED MAX. INTEREST CHARGED AMOUNT LOANED MAX. INTEREST CHARGED
1¢ TO $19.99 $3.00 $50 TO $74.99 $9.00 $100 TO $174.99 $15.00
$20 TO $49.99 $6.00 $75 TO $99.99 $12.00 $175 TO $2499.99 9% OF AMOUNT LOANED

 

After the first three (3) months the maximum charge for loans between 1¢ to $2499.99 will be 3% per month on the unpaid principle balance or a minimum charge of $3.00, whichever is greater. LOANS $2500.00 AND UP: the interest rate on loans $2500 and over are not regulated and can be negotiated between the client and the pawnbroker. The State loan period, all fees, and notice requirements still apply.
LOAN WRITING FEE: $5.00 may be charged for each loan written or 3% of the loan amount, whichever is greater with a maximum of $30.00.
STORAGE CHARGES: A $1.00 minimum or 1 cu. ft. up to 3 cu. ft. = $5.00; 3 cu. ft. up to 6 cu. ft. = $20.00 plus $1.00 for each cu. ft. in excess of 6 cu. ft.
NOTIFICATION FEE: A maximum of $3.00 may be charged for each notice sent.
LOST TICKET VERIFICATION FEE: Maximum of $10.00 may be charged for each lost ticket.

Sample Loan for the amount of $100.00 (not including storage fees):

Contract Length Other Pawnshop Charges Hart’s Pawnshops Max  Charges
1st Month $120.00 $105.00
2nd Month $120.00 $115.50
3rd Month $120.00 $115.50
4th Month $129 $118.50