Pawn Express Terms and Conditions
Welcome to Pawn Express, your trusted pawn shop in the state of Washington. Before engaging in any transactions with us, please carefully read and understand the following Terms and Conditions.
1. Eligibility:
To engage in pawn transactions with Pawn Express, you must be at least 18 years old and provide valid government-issued identification.
By entering into any transaction with us, you confirm that you meet the eligibility criteria.
2. Pawn Transactions:
Items accepted for pawn are subject to evaluation by Pawn Express staff.
Acceptance of an item does not guarantee a specific loan amount. Loan amounts are determined based on the appraisal value of the item.
Interest rates and fees associated with pawn transactions will be clearly communicated during the transaction process.
3. Repayment:
Loans must be repaid within the agreed-upon timeframe, which will be specified in the pawn ticket.
Failure to repay the loan by the due date may result in the forfeiture of the pledged item.
4. Forfeiture:
If a loan is not repaid within the specified timeframe, the pledged item becomes the property of Pawn Express, and we may choose to sell the item to recover the loan amount.
5. Privacy Policy:
Pawn Express is committed to protecting your privacy. Any personal information collected during transactions will be kept confidential and used only for transaction-related purposes.
6. Item Redemption:
You have the right to redeem your pledged item by paying the loan amount along with any accrued interest and fees within the redemption period specified in the pawn ticket.
7. Firearms:
Firearms are NOT accepted at Pawn Express.
8. Dispute Resolution:
Any disputes arising from pawn transactions will be resolved in accordance with applicable state laws.
9. Governing Law:
These Terms and Conditions are governed by the laws of the state of Washington.
10. Modification of Terms:
Pawn Express reserves the right to modify these Terms and Conditions at any time. Changes will be effective immediately upon posting on our website.
By engaging in pawn transactions with Pawn Express, you acknowledge and agree to abide by these Terms and Conditions. If you have any questions or concerns, please contact us for clarification before proceeding with any transactions.
PAWN EXPRESS LOAN POLICY
RCW 19.60.060
Rates of interest and other fees—Sale of pledged property.
All pawnbrokers are authorized to charge and receive interest and other fees at the following rates for money on the security of personal property actually received in pledge:
(1) The interest for the loan period shall not exceed:
(a) For an amount loaned up to $9.99 - interest at $1.00 for each thirty-day period to include the loan date.
(b) For an amount loaned from $10.00 to $19.99 - interest at the rate of $1.25 for each thirty-day period to include the loan date.
(c) For an amount loaned from $20.00 to $24.99 - interest at the rate of $1.50 for each thirty-day period to include the loan date.
(d) For an amount loaned from $25.00 to $34.99 - interest at the rate of $1.75 for each thirty-day period to include the loan date.
(e) For an amount loaned from $35.00 to $39.99 - interest at the rate of $2.00 for each thirty-day period to include the loan date.
(f) For an amount loaned from $40.00 to $49.99 - interest at the rate of $2.25 for each thirty-day period to include the loan date.
(g) For the amount loaned from $50.00 to $59.99 - interest at the rate of $2.50 for each thirty-day period to include the loan date.
(h) For the amount loaned from $60.00 to $69.99 - interest at the rate of $2.75 for each thirty-day period to include the loan date.
(i) For the amount loaned from $70.00 to $79.99 - interest at the rate of $3.00 for each thirty-day period to include the loan date.
(j) For the amount loaned from $80.00 to $89.99 - interest at the rate of $3.25 for each thirty-day period to include the loan date.
(k) For the amount loaned from $90.00 to $99.99 - interest at the rate of $3.50 for each thirty-day period to include the loan date.
(l) For loan amounts of $100.00 or more - interest at the rate of four percent for each thirty-day period to include the loan date.
(2) The fee for the preparation of loan documents, pledges, or reports required under the laws of the United States of America, the state of Washington, or the counties, cities, towns, or other political subdivisions thereof, shall not exceed:
(a) For the amount loaned up to $4.99 - the sum of $1.50.
(b) For the amount loaned from $5.00 to $9.99 - the sum of $3.00.
(c) For the amount loaned from $10.00 to $14.99 - the sum of $4.00.
(d) For the amount loaned from $15.00 to $19.99 - the sum of $4.50.
(e) For the amount loaned from $20.00 to $24.99 - the sum of $5.00.
(f) For the amount loaned from $25.00 to $29.99 - the sum of $5.50.
(g) For the amount loaned from $30.00 to $34.99 - the sum of $6.00.
(h) For the amount loaned from $35.00 to $39.99 - the sum of $6.50.
(i) For the amount loaned from $40.00 to $44.99 - the sum of $7.00.
(j) For the amount loaned from $45.00 to $49.99 - the sum of $7.50.
(k) For the amount loaned from $50.00 to $99.99 - fifteen percent of the loan amount.
(l) For the amount loaned from $100.00 to $249.99 - thirteen percent of the loan amount.
(m) For the amount loaned from $250.00 to $499.99 - ten percent of the loan amount.
(n) For the amount loaned from $500.00 to $999.99 - eight percent of the loan amount.
(o) For the amount loaned from $1000.00 to $1499.99 - seven and one-half percent of the loan amount.
(p) For the amount loaned from $1500.00 to $1999.99 - seven percent of the loan amount.
(q) For the amount loaned of $2000.00 or more - six percent of the loan amount.
(3) For each thirty-day period, a pawnbroker may charge:
(a) A storage fee of $5.00; and
(b) An additional fee of $5.00 for storing a firearm. (Not accepted at Pawn Express at this time).
(4) Fees under subsection (2) of this section may be charged one time only for each loan period; no additional fees, other than interest allowed under subsection (1) of this section and storage fees allowed under subsection (3) of this section, shall be charged for making the loan.
A copy of this section, set in twelve point type or larger, shall be posted prominently in each premises subject to this chapter.
RCW 19.60.061
Pawnbrokers—Sale of pledged property limited—Written document required for transactions.
(1) The term of the loan shall be for a period of ninety days to include the date of the loan.
(2) A pawnbroker shall not sell any property received in pledge, until a minimum of ninety days has expired. However, if a pledged article is not redeemed within the ninety-day period of the term of the loan, the pawnbroker shall have all rights, title, and interest of that item of personal property. The pawnbroker shall not be required to account to the pledgor for the proceeds received from the disposition of that item. Any provision of law relating to the foreclosures and the subsequent sale of forfeited pledged items, shall not be applicable to any pledge as defined under this chapter, the title to which is transferred in accordance with this section.
(3) Every loan transaction entered into by a pawnbroker shall be evidenced by a written document, a copy of which shall be furnished to the pledgor. The document shall set forth the term of the loan; the final date on which the loan is due and payable; the loan preparation fee; the storage fee; the firearm fee, if applicable; any other fee allowed under law that is charged; the amount of interest charged every thirty days; the total amount due including the principal amount, the preparation fee, and all interest charges due if the loan is outstanding for the full ninety days allowed by the term; and the annual percentage rate, and shall inform the pledgor of the pledgor's right to redeem the pledge at any time within the term of the loan.
(4) If a person who has entered into a loan transaction with a pawnbroker in this state is unable to redeem and repay the loan on or before the expiration of the term of the loan, and that person wishes to retain his or her rights to use that item by rewriting the loan, and if both parties mutually agree, an existing loan transaction may be rewritten into a new loan, either in person or by mail. All applicable provisions of this chapter shall be followed in rewriting a loan, except that where an existing loan is rewritten by mail RCW 19.60.020(1) (a) and (g) shall not apply.
Last updated: 1/2/24
Sample Ticket for a $100 Loan
