Predatory Lending Awareness Quiz

6. Pawnbrokers must protect pawned property from damage or loss.

CORRECT

True. Pawnbrokers are responsible for replacing any item that cannot be returned to a borrower in its original condition when the loan it secures is paid off.

Reference:
Missouri General Assembly. (n.d.). Pawnbrokers and Small Loans. Retrieved on December 31, 2007 from http://www.moga.mo.gov/statutes/C367.HTM.