Section 28-7-5-30 - Two month redemption period; public access prohibited; unredeemed property subject to sale(a) Subject to subsections (b) and (c), upon the expiration of two (2) months from the maturity of the loan, a pawned article becomes the property of the pawnbroker and is subject to sale.(b) Subsection (a) applies only if the pledger is given a reasonable opportunity during:(1) the term of the loan; and(2) the two (2) month period described in subsection (a); to repay the loan and redeem the pawned article.
(c) During the term of the loan and the two (2) month period described in subsection (a), the pawnbroker may not allow the public to have access to the pawned article.Amended by P.L. 216-2013, SEC. 38, eff. 7/1/2013.Amended by P.L. 27-2012, SEC. 98, eff. 7/1/2012.(Formerly: Acts 1935, c.195, s.29.) As amended by P.L. 271-1985, SEC.1; P.L. 14-1992, SEC.154; P.L. 80-1998, SEC.19; P.L. 163-2001, SEC.6; P.L. 258-2003, SEC.14; P.L. 10-2006, SEC.48 and P.L. 57-2006, SEC.48; P.L. 213-2007, SEC.74; P.L. 217-2007, SEC.72.