After several years of discussion and debate, the South Carolina General Assembly took steps to modernize laws governing the state’s pawn industry to help it compete more fairly with pawn industries in other states.

The 2016 Pawn Act (Act 262 of the 2016 General Assembly) is a comprehensive revamping of Title 40, Chapter 39 of the Code of Laws of South Carolina, and while the South Carolina Pawnbrokers’ Association plans to conduct a late summer/early fall meeting to review all of the changes, we wanted to make sure the state’s pawnbrokers had access to those sweeping changes now.

The 2016 Pawn Act, which became effective June 9, is available for download HERE.