No pawn loan could be more than $11,000, for which the maximum annual rate was 12 percent
No pawn loan could be more than $11,000, for which the maximum annual rate was 12 percent Oklahoma also had 240 percent as the maximum annual rate, but for loans of $1 to $150 The pawnshop industry has long been an extensively regulated activity. States determined the process to be followed in applying for a pawnshop license online installment NM, what records had to be maintained and whether the local police could inspect them or whether transactions had to be reported to local law enforcement officials, how old a customer must be to be served, and “ What hours the business could be open. States also established the range of loan amounts and the maximum annual service charge for each range. […]