(A) No pawnbroker, loanbroker or keeper of a loan office shall, under any pretense whatever, purchase or buy any secondhand furniture, metal or cloth, or any other article or thing offered to him or her as a pawn or pledge.
(B) No person having a pawnbroker’s license under this subchapter shall take or receive in pawn or pledge, for money loaned, any property, bond, note, securities, article or other valuable thing from any minor, or the ownership of which is in or which is claimed by or which may be in the possession or under the control of any minor.
(Prior Code, § 118.18) Penalty, see § 10.99
Statutory reference:
Prohibited transactions, see I.C. 28-7-5-36