Quote:
Originally Posted by ish5
I’ve never heard of pawn shop rules. What does that mean?
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As I understand it, for used/trade-in items, they hold the item for a month before they can let the item out of the store. That way, if the item turns out to be stolen and the true owner reclaims it (e.g., files a police report, etc.), the item can be returned to the original owner and the trade-in sale rescinded. In the meantime, the item is out on the floor available for purchase, but subject to the one-month hold from the trade-in date.
I encountered this recently at a GC in the suburban NY area when I bought a used pedal. Not sure if it’s required by law (I haven’t encountered it at any other local stores), but it’s actually a good policy. It probably protects the store more than anything else, since a thief is likely to sell a stolen item some other way where the purchaser won’t put a hold on it.