Section 56-12-12 - Record of disposition of pledged property

Every pawnbroker shall keep a permanent record, fully itemized, of all pledged property disposed of following default by the pledgor. The record shall include the following: A. the number of the pawn transaction; B. the name and address of the pledgor; C. the date of the pawn transaction and the date of the last payment received as service charge or on principal; D. the date of disposition of the pledged property pursuant to Section 11 [56-12-11 NMSA 1978] of the Pawnbrokers Act; E. the method of disposition of the pledged property; and F. the amount and disposition of any surplus following disposition of the pledged property. History: Laws 1985, ch. 228, § 12.