Current through Register Vol. 55, No. 1, January 4, 2025
Section 63.15 - Partial payments(a) Partial payments on account of accrued charges may be accepted. If such a partial payment is made, receipt shall be shown by either: (1) entering the receipt on the reverse side of the pledgor's copy of the pawn ticket and on the licensee's records; or(2) issuance of a renewal pawn ticket.(b) Partial payments on account of principal, with payment of all accrued charges, shall operate as a renewal loan. The licensee shall issue a new pawn ticket for the reduced principal amount.