Is there a grace period for Michigan pawn shops?

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1123564

2026-07-21 09:45

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In Michigan, pawn shops are required to provide a grace period of 30 days for customers to redeem their pawned items. During this time, the customer can reclaim their item by paying the loan amount plus any accrued interest and fees. If the item is not redeemed within this period, the pawn shop has the right to sell the item to recover the loan amount. It's advisable for customers to check specific policies with individual pawn shops, as practices may vary.

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