(a) No pawnbroker shall sell any pawn or pledge until the same has remained in his or her possession for three months.
(b) Title to the item pledged or pawned vests in the pawnbroker upon the expiration of 3 months or of any period beyond 3 months agreed upon by the parties if the borrower has not paid the debt, interest, and charges on the item pledged or pawned.
(Res. 2014-110. Passed 3-17-14.)