Spanish Translation/Traducci�n Espa�ola

Alla's Pawn Shop

Loan Fees and Privacy Policy

Per California Financial Code (CFC) 21203, the term "month" means a period consisting of 30 consecutive calendar days.

Interest Charge: One month's interest may be charged for any part of the month in which pawned property is redeemed. Including the 10-day notice ("grace period") Required under CFC §21201. For the first three months the total interest charges on loan amounts of $.01 to $19.99 = $3.00 interest charge. Loan Amounts of $20.00 to $49.99 = $6.00 interest charge. Loan amounts of $50.00 to $74.99 = $9.00 interest charge. Loan amounts of $75.00 to $99.99 = $12 interest charge. Loan amounts of $100 to $174.99 = $15 interest charge. Loan amounts of $175.00 to $2,499.99 = 9% of the loan amount, per CFC §21200 5. Starting the fourth and subsequent months the total interest charges are: loan amounts of $.01 to $100 = $3.00 per month. Loan amounts more than $100 = 3% of the loan amount per month, per CFC §21200. On loans of $2,500 or more, the interest rates are not regulated and can be negotiated between the client and the pawnbroker. State loan period, all fees, and notice requirements apply, per CFC §21051.

Loan Set-up Fee: $7.50 may be charged for each loan written or 3.5% of the loan amount, whichever is greater with a maximum of $90.00.

Storage Charges: $3.00 for any article that can be contained within one cubic foot. $6.00 for any article that cannot be contained within one cubic foot but can be contained within three cubic feet. $12.00 for any article that cannot be contained within three cubic feet but can be contained within six cubic feet. $24.00 for any article that cannot be contained within six cubic feet and $3.00 for each additional cubic foot in excess of six cubic feet.

LOST TICKET VERIFICATION FEE: Maximum of $10.00 may be charged for each lost ticket per CFC 21201.2 FIREARM CHARGE: $20.00 may be charged for any firearm per CFC §21200.8. Firearms will be released only to the borrower and proper identification will be required. No firearms will be shipped per CFC § 21200.8. LOAN CHARGES THAT DO NOT INCLUDE HANDLING OF PLEDGED PLEDGED PROPERTY OUTSIDE OF OUR PREMISES, SHIPMENT OF PROPERTY IS DONE SOLELY AT THE DISCRETION OF THE LENDER AND AT LENDER RATES. Minimum charge for packing is $10.00 plus shipping and insurance if desired.

The borrower reserves the right to 24 hours notice of intention to redeem:

Collateral may be redeemed at any time during the period defined above or during the "grace period". For redemption, the borrower will be required to pay in addition to the amount loaned all interest and fees as outlined in the schedule above. Partial payment does not extend the loan period. If collateral is not redeemed in the four month loan period, then Lender shall notify the Borrower by regular mail for which a certificate of mailing is issued by the United States Post Office, addressed to the Borrower's last known address- of termination of the loan contract and extending the right of redemption for a period of 10 days from the date of mailing such notice per CFC §21201. Borrower shall notify Lender in writing, by registered mail, of any change of address, if writing for information give number of this receipt and enclose postage if a reply is to be expected. If collateral is not redeemed within the periods provided herein, the Lender will become vested with all rights and title to the property submitted as collateral.

The description on reverse side is based on a quick visual inspection. Lender does not warrant that the pledged property is of exact size,, dimension, weight, carat, color, cut, or value or any other characteristic set forth herein. Unless specified, pledged property described is used, having normal wear and tear with scratches and dents. It is agreed and understood that the Lender does not insure collateral for the benefit of the borrower and it is not liable for loss or damage to the property resulting from burglary, theft, embezzlement, robbery, moths, fire, water, and deterioration from handling and storage. OR Acts of God or other causes. Lender shall be liable only when a loss is directly attributable to the Lender's gross negligence or willful misconduct. If the Lender is found liable to the borrower as liquidated damages, the Lender shall not be liable for more than two times the amount loaned.

     
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Personal Loan Disclaimer. Regarding Pawnshop store California Notice of Charges CFC 21003

A loan consists of a 130 days repayment period. Please read Disclosure of Loan Interest Fees rates, Annual Percentage Rate (APR) with terms and conditions: https://www.24hourpawnshopnearme.com/loan-fees-and-privacy-policy.html A. We provide a minimum and maximum period for repayment Annual Percentage Rate (APR), which generally includes the interest rate plus fees and other costs for a year based on California Law. B. Representative example of the total cost of the loan, including all applicable fees C. This loan has 180 to-be-paid loans from the date the loan is issued All loan interests $2,500 and under are regulated by the California State. California State Interest The following is the California law on basic interest charges for pawnshops as of January 1, 2023. The actual law can be found in California Financial Code Section 21200.5. The description of the law below has been rewritten in laymen’s terms. A 2.5% interest charge per month on the principal (loan amount) of the loan, including, but not more than $225. A 2% interest charge per month on a principle loan amount of more than $225, including, but not more than $900. A 1.5% interest charge per month on a principal loan amount in excess of $900, including, but not more than $1,650. A 1% interest charge per month on a principal loan amount from $1,650 to $2,499. Loans $2,500 & Over Interest is Negotiable for all loans starting from $2,500-$30,000, we have special programs for high-valued loans and our interest rate is lower then other financial lenders. Loans or Buys $2,500 and over must be called in prior to coming due to security restrictions. APR Details An example of a loan with an amount financed of $525 would incur in a 33.14% APR and the total amount due at the end of 120 days in order to redeem your item will be $599.75.