{"data":{"id":"us-la/rs-37-1783","jurisdiction":"us-la","citation":"RS 37:1783","heading":"Nature of the pawn transaction","body":"The pawn transaction constitutes a service and vests the pawnbroker with the right of causing the debt to be satisfied by privilege and in preference to all other creditors, secured and unsecured, perfected or not. The pawnbroker can be compelled to return the security only when he has received the whole payment of the principal as well as the interest, service charges, and costs. A pawn transaction shall be considered a loan.","path":["TITLE 37. PROFESSIONS AND OCCUPATIONS"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=93470","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:59:04Z","sha256":"186d21aae73be451bb48fcc0e88c0d4eb047db0df7f26516419c65826a08fb3b","source_id":"us-la","stale":false,"prev":"us-la/rs-37-1782","next":"us-la/rs-37-1784"},"notice":"GroundRules: Original legal text. Not legal advice."}