# Mich. Comp. Laws § 446.208: Purchaser's memorandum of pawn; contents

> Michigan · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MI_C446_AAct-273-of-1917_S446.208

## Section

- **Citation:** Mich. Comp. Laws § 446.208
- **Heading:** Purchaser's memorandum of pawn; contents
- **Jurisdiction:** Michigan
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MI Code / Chapter 446 / Act Act-273-of-1917 / Section 446.208

## Text

Sec. 8.

A pawnbroker, at the time of a loan, shall deliver to the person pawning or pledging any article a memorandum or note signed by him or her, containing the substance of the entry required to be made by him or her in his or her book by section 6. A charge shall not be made or received by the pawnbroker for the entry, memorandum, or note. The memorandum or note shall be consecutively numbered and upon its back shall be printed in English in 12-point type the following: "If interest or charges in excess of 3% per month, plus storage charges provided in this document, are asked or received, this loan is void and of no effect; and the borrower cannot be made to pay back the money loaned, any interest on the loan, or any charges or any part of the charges, and the pawnbroker loses all right to the possession of the goods, article, or thing pawned, and shall surrender the item to the borrower or pawner upon due demand for the item.".

History: 1917, Act 273, Eff. Aug. 10, 1917; CL 1929, 9691; CL 1948, 446.208; Am. 1965, Act 252, Eff. Mar. 31, 1966; Am. 2002, Act 469, Imd. Eff. June 21, 2002

## Nearby sections

- [Mich. Comp. Laws § 446.201 Pawnbrokers; license required; exception; internet drop-off store exempt from licensure.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C446_AAct-273-of-1917_S446.201.md)
- [Mich. Comp. Laws § 446.202 Licenses; issuance; contents; term; transferability; fee; bond; limitations.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C446_AAct-273-of-1917_S446.202.md)
- [Mich. Comp. Laws § 446.203 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C446_AAct-273-of-1917_S446.203.md)
- [Mich. Comp. Laws § 446.204 Licensed pawnbroker; action upon bond.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C446_AAct-273-of-1917_S446.204.md)
- [Mich. Comp. Laws § 446.205 Record of property received; contents; inspection; form of permanent record.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C446_AAct-273-of-1917_S446.205.md)
- [Mich. Comp. Laws § 446.206 Statement to police of articles received; contents.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C446_AAct-273-of-1917_S446.206.md)
- [Mich. Comp. Laws § 446.208 Purchaser's memorandum of pawn; contents.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C446_AAct-273-of-1917_S446.208.md)
- [Mich. Comp. Laws § 446.209 Interest on loans; rate; storage charge; time of payment; computation; fee or excess charge prohibited.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C446_AAct-273-of-1917_S446.209.md)
- [Mich. Comp. Laws § 446.210 Title to item; sale of pledged or pawned item; time of possession.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C446_AAct-273-of-1917_S446.210.md)
- [Mich. Comp. Laws § 446.211 Payment or tender of debt before sale; effect as to title and right to property; agreement to permit pawner to maintain possession.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C446_AAct-273-of-1917_S446.211.md)
- [Mich. Comp. Laws § 446.212 Misappropriated property; effect of written hold order; delivery of property to person claiming ownership; return of property to pawnbroker; liability; "appropriate law enforcement official" defined.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C446_AAct-273-of-1917_S446.212.md)
- [Mich. Comp. Laws § 446.213 Pawned property; destruction or defacing unlawful; visibility of serial number or insignia.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C446_AAct-273-of-1917_S446.213.md)
- [Mich. Comp. Laws § 446.214 Pawned property; acceptance from certain persons prohibited.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C446_AAct-273-of-1917_S446.214.md)
- [Mich. Comp. Laws § 446.216 Bond of complainant; amount, surety.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C446_AAct-273-of-1917_S446.216.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MI_C446_AAct-273-of-1917_S446.208. Check the current official text before relying on it. Not legal advice.