The pawn process is when the Pawnbroker lends money to the Pawnee, against item(s) that are left as collateral. The Pawnee has one year to reclaim their product. The process for lending is regulated, and enforced by the Ontario Pawnbrokers Act.
As a family operation, G.W. Thompson Jeweller & Pawnbroker Inc. adheres to all requirements and responsibilities of the act.
How does a pawn work?
Why would someone go to a pawnbroker to get a loan?
How much should I expect for a loan on my item?
For more FAQ and answers to the questions, please follow this link: www.nationalpawnbrokers.org/
Pawn Shops Today is another source of industry information: www.pawnshopstoday.com