Georgia House Bill 300 Revises Pawn Regulations and Prohibits Certain Motor Vehicle Title Fees

Original title: Professions and businesses; pawnbrokers to exclude motor vehicle certificates of title from pawn transactions; revise provisions

Last action · February 10, 2025: House Second ReadersSponsors: Matt Dubnik and 5 others

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What This Bill Proposed

Georgia House Bill 300 prohibits pawnbrokers from holding motor vehicle certificates of title as s or taking possession of titles in lieu of actual vehicles, while removing pawnbrokers' authority to charge vehicle lien registration and repossession fees. The legislation also revises used motor vehicle dealer definitions and establishes statutory disclosure requirements for pawn transactions.

Who It Would Have Affected

Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.

Directly affected

Pawnbrokers

Directly affected

Consumers using pawn services

Consumers are protected from certain title-related fees and vehicle possession rules during pawn transactions.

Directly affected

Used motor vehicle dealers

The bill revises definitions and qualifications regarding used motor vehicle dealer licenses in relation to pawnbrokers.

Key Facts

Motor vehicle certificates of title are excluded from the definition of pledged goods in pawn transactions.
Pawnbrokers are prohibited from charging fees relating to registering liens on motor vehicle certificates of title and repossessing motor vehicles.
Pawnbrokers are barred from leasing back motor vehicles to sellers or pledgors during a pawn transaction.
Interest and pawnshop charges are capped at no more than 25 percent of the principal amount advanced per 30-day period during the first 90 days.

Show all 7 facts

Pawn transactions involving motor vehicles or motor vehicle certificates of title carry a grace period of 30 calendar days.
Pledgors or sellers may recover undisclosed, improperly disclosed, or excessive charges in an action at law in any superior court of appropriate jurisdiction.
Pawnbrokers must provide a written disclosure ticket or statement containing specific terms, APR calculations, and cost statements for every pawn transaction.

Frequently Asked Questions

Can pawnbrokers still accept a car title as collateral for a pawn loan under this bill?

No. The bill explicitly excludes motor vehicle certificates of title from the definition of in s.

What fees are pawnbrokers prohibited from charging regarding motor vehicles?

Pawnbrokers are prohibited from charging fees relating to registering liens on motor vehicle certificates of title and repossessing motor vehicles.

What is the grace period for pawn transactions involving motor vehicles?

The grace period for s involving motor vehicles or motor vehicle certificates of title is 30 calendar days.

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Where This Stands

This bill did not become law - Died at adjournment · introduced in the House.

Procedural history

3 actions

Feb 10, 2025House
House Second Readers
Feb 6, 2025HouseIntroduced
House First Readers
Feb 5, 2025HouseIntroduced
House Hopper

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

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