<div class="chunk-title">Sec. 14-167. - Pawnbroker fees; interest rates.</div>
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               (a)
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               No pawnbroker shall demand or receive an effective rate of interest greater than two
               percent per month, and no other charge of any description or for any purpose shall
               be made by the pawnbroker; except that the pawnbroker may charge, contract for, and
               recover an additional monthly fee for the following services, including but not limited
               to:
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               (1)
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               Title investigation;
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               (2)
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               Handling, appraisal and storage;
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               (3)
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               Insuring a security;
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               (4)
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               Application fee;
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               (5)
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               Making daily reports to local law enforcement officers; and
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               (6)
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               For other expenses, including losses of every nature, and all other services.
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               (b)
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               In no event may the total of the monthly fees on a pawn transaction exceed 20 percent
               of the principal up to a maximum of the following:
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               (1)
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               First month .....$100.00
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               (2)
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               Second month .....75.00
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               (3)
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               Third month .....75.00
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               (4)
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               Fourth month and thereafter .....50.00
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               (c)
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               In addition, pawnbrokers may charge fees for returned checks as allowed by G.S. 25-3-506.
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            <p class="historynote0">
               (Code 1978, Â§ 6-159)
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