CA SB1198

Authorizes pawnbrokers to collect a handling, storage, and security charge when property is redeemed or a replacement loan is issued, with maximum amounts ranging from $5 to $30 depending on the size of the pawned article.

Allows pawnbrokers to collect a remote transaction fee of up to 3.0 percent of the transaction amount when a pledgor elects to request a replacement loan or redeem a loan through electronic means.

Increases the maximum noticing fee from $5 to $7 when a pledgor fails to redeem a pawned item during the loan period, and expands the fee to cover mailing or electronic transmission costs in addition to notice preparation.

Renumbers existing Financial Code Section 21200.9 to Section 21200.10 without substantive change.