Regulatory Alerts2016-01-01 | Bulletin 2016-02Report on Proposed Bulletin 2016-02: Exceptions To The Requirement To Present A Pawn Ticket For Pledge Redemption
The Oregon Department of Consumer and Business Services issued a report regarding Proposed Bulletin 2016-02, which clarifies exceptions to the requirement for presenting a pawn ticket during pledge redemption. The bulletin addresses the Oregon Court of Appeals decision in Hughes v. Ephrem, confirming that a writ of garnishment serves as a valid exemption to the general rule requiring ticket presentation. Following a public comment period that received no submissions, the Department published the bulletin exactly as proposed.
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