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Unread 08-03-2012, 09:37 AM   #14
padredan
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Location: louisiana Now, but from the Rebublic of Texas
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Yes, have been a partnership in one pawn shop or co owner and now repair the guns for several others. pawn shop rules can vary by state. those in louisiana are governed by the office of financial service. the loan periods are set at ninety days and the interest per month is 20 percent or a apr of 240 percent, meaning you pawn and item for 100 dollars and you pick it up on the 3rd month you will pay 160.00 to pick it up, if you do not on the 91st day it can be sold or pfi, pulled for inventory/ firearms are booked in by atf rules and when picked up by the person who pawned the gun, a form 4473 must be filed out and called in and the person will either be approved ,delayed or deined. as long as the monthly interest is payed the loan can continue ,for what ever period the interest is payed to. like i said it can vary from state to state, but thats pretty much it. and yes i am called to evaluate many of the firearms for loans or to buy.
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