False Verification in Pawn Transactions
Stated simply, False verification occurs where a defendant falsely verifies that he or she is the rightful owner of property in order to pawn the property and receive money in exchange. The defendant knowingly gives false verification of ownership or false identification to the pawnbroker and receives money for the goods sold or pledged. The penalties depend on the value of money received. If less than $300, it is a 3rd degree felony. If $300 or more, it is a 2nd degree felony.
Importance of Ownership Verification
Proof of ownership is how you claim the rights to a property. Shareholder certificates and other documents can be considered proof but are essentially statements about ownership at a point in time. Verifying ultimate beneficial ownership (UBO) helps identify individuals behind corporate structures, thwarting money laundering and terrorist financing.
ID Requirements in Pawn Shops
Why do pawn shops ask for ID? When customers bring items, the shop needs to verify the owner to avoid stolen goods. Requesting ID confirms lawful ownership so shops fulfill legal responsibilities, promote transparency, and support law enforcement preventing circulation of stolen items. Laws require varying identification. Some states allow work IDs. Calling ahead determines specific requirements.
Overview of Statute 539.001 in Florida
Under Florida Statute Section 539.001, the term “pawn” is defined. Florida Statutes 539.001 – The Florida Pawnbroking Act defines terms used. If the victim believes the pawnbroker obtained property misappropriated, the victim can file a claim to recover it. Sections 78.01 and 539.001(15), Florida Statutes, enable recovering property from a pawn shop without paying. Statute 539 spells out how that must be done precisely. The Florida Anti-Fencing Act in Florida Statute 812.019 deals in stolen property. Some individuals are incriminated by this statute when not part of a crime ring. 720.001 governs the formation, management, and operation of HOAs. Florida law states arrests may be by a peace officer or private person. The minimum age for pawning in Florida is 18 years old. The statute of limitations to enforce a judgment in Florida is 20 years. After 20 years, the creditor cannot collect.