Colorado Law for Pawnbroker Acts and False Information to Pawnbrokers in Weld County
Pawnbroker Acts and False Information to Pawnbrokers in Weld County listed at C.R.S. 29-11.9-104, covers any time of misrepresentation to a pawnbroker. The government tries to protect pawnbrokers and stop the process of stealing items and selling them to a pawn broker. But cutting off a place to sell stolen items, burglary, theft and robbery charges plummet. Colorado Law enforces strict rules regarding pawnshops and their practices. Continue reading for more specific information.
What is a Pawnbroker / Pawnshop in Greeley?
In Greeley, a Pawnbroker is either a person or a business that provides a loan to someone in exchange for an item of value. That item acts as collateral in case the person cannot pay their loan back. It is also a promise of repayment to get the borrower’s item back. Of course there is also a legal contract involved with each loan / item pawned that the pawnbroker provides. When the person does not repay their loan within the agreed upon time frame, the pawnbroker will sell the item to others. Additionally, since the pawnbroker has a physical item and can sell it, the pawnbroker does not report the loan on the customer's credit report. However, pawnbrokers are known to prey on the desperation of their customers, so we always recommend caution when dealing with them, as their legally binding contracts are structured to operate in their favor.
What are the Prohibited Acts, C.R.S. 29-11.9-104, When It Comes to Pawnbrokers in Longmont and Evans?
In order for pawnbrokers to operate legally, there are various rules they must follow and Prohibited Acts, C.R.S. 29-11.9-104, which borrowers must refrain from doing in Longmont and Evans.
It is illegal for a Pawnbroker to:
- create a contract for purchase or purchase transaction with anyone under 18 years old
- encourage a customer to be under more than one contract for a purchase agreement dealing with the same tangible personal property
- violate the terms of the contract for purchase
On the other hand, there is also a major practice that customers are not allowed to do when it comes to pawning items. It is unfair and illegal for a customer to knowingly provide false information to a pawnbroker. Just as it is unfair for a pawnbroker to lie and manipulate their customers to make a larger profit, it is unfair to customers to knowingly lie and manipulate pawnbrokers to get a larger payout.
What are the Penalties for Providing False Information to a Pawnbroker in Erie and Boulder?
If you provide false information to a pawnbroker in Erie and Boulder, the penalty is a class 6 felony. A class 6 felony punishment consists of 1 year to 18 months in the Colorado Department of Corrections, a fine of up to $100,000, and a year of mandatory parole once released from prison. Not only that, but now there is a felony conviction on your record, which comes with its own punishments and penalties as well.
What are the Penalties for Pawnbrokers Violations in Frederick and Ault?
When a pawnbroker has committed one of the crimes above in Frederick or Ault, they face at least a class 1 misdemeanor, and at most a class 6 felony. If a pawnbroker makes a contract with someone under 18, they will be charged with a class 1 misdemeanor. When a pawnbroker violates the terms of a contract for purchase that has a fixed price, Frederick police will charge them with a class 2 misdemeanor. If it is a second violation of subsequent conviction within 3 years of the prior, the pawnbroker will be charged with a class 6 felony.
A class 2 misdemeanor consists of:
- 3 to 12 months in Weld County Jail
- A fine between $250 and $1,000
A class 1 misdemeanor consists of:
- 6 to 18 months in Boulder County Jail
- A fine between $500 and $5,000
A class 6 felony consists of:
- 1 year and 18 months in the Colorado Department of Corrections
- A fine between $1,000 and $$100,000
- 1 year of parole
A Greeley Attorney for Crimes Involving Pawnbrokers
Whether you're a pawnbroker, or a customer who has gotten into a sticky situation regarding pawnshop work, our experienced Greeley attorneys can help you. You don't want to risk having a felony or even a misdemeanor conviction end up on your criminal record. These types of convictions can be debilitating. Plus, it is always better to leave options open than to close them. With a felony conviction, anyone can see your record, therefore limiting job and housing opportunities. Don't leave your fate to an overworked public defender. Contact our office today so our defense lawyers can begin our work immediately.