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PAWNBROKERS AND TITLE PLEDGE LENDERS IN TENNESSEE August 1996 Prepared by: M. Elizabeth McCloskey, Legal Consultant The University of Tennessee County Technical Assistance Service 226 Capitol Boulevard

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What is pawnbrokers and title pledge?

Pawnbrokers and title pledge are types of secured loans where a borrower offers an item of value as collateral in exchange for a cash loan.

Who is required to file pawnbrokers and title pledge?

Pawnbrokers and title pledge providers are required to file with the relevant authorities.

How to fill out pawnbrokers and title pledge?

To fill out pawnbrokers and title pledge forms, providers must include information about the borrower, the item being used as collateral, and the terms of the loan.

What is the purpose of pawnbrokers and title pledge?

The purpose of pawnbrokers and title pledge is to provide short-term loans to individuals who need quick access to cash but do not qualify for traditional bank loans.

What information must be reported on pawnbrokers and title pledge?

Information such as the borrower's name, contact information, description of the collateral, loan amount, interest rate, and repayment terms must be reported on pawnbrokers and title pledge forms.

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