HB 300 — Pawnbrokers: Prohibits Accepting Vehicle Titles as Collateral

This bill proposes changes to Georgia’s laws governing pawnbrokers, specifically targeting the practice of accepting vehicle titles as collateral. The bill prohibits pawnbrokers from accepting a motor vehicle certificate of title in pawn transactions, which previously allowed them to gain control over a vehicle without physically possessing it. 

Additionally, the bill removes certain fees that are currently charged in connection with registering liens on vehicle titles and repossession of vehicles by pawnbrokers.