No pawnbroker shall demand or receive any greater rate of interest or compensation
than at the rate of $6.00 for the use of $100.00 for one year. No other charge of
any description, or for any purpose whatsoever, shall be made by the pawnbroker, except
that the pawnbroker may charge, contract for and receive, for investigating the security
or title, storage of the security, closing the loan and for other expenses and losses
of every nature whatsoever, and for all other services, a fee of not above one percent
per month of the sum loaned on the article taken as security.
(Code 1967, § 26-23; Code 1985, § 24-28)
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