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Pawn – Unclaimed Property

posted on January 18, 2019

Q: We are caught between two laws, I tried to find a letter for unclaimed Property. We loaned on Firearms in Texas (pawnshop). If we can not give the property back to the rightful owner we have to refund the money, However some customers go to open status and have never came back to (A) get a refund (B) request another NICS background check. My question I’m sure we have to notify them in writing about forfeiting the item that they have 30days to retrieve this item. Is there a standard letter you can provide us that we can send certified?

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