Feb. 09 proposal that is–A review by Rock Hill officials could cause less pawn stores starting when you look at the town.
City Council people have actually offered initial approval to imposing stricter demands for where pawn stores is situated. The proposal would avoid pawn that is new from opening within 300 foot of churches, houses, schools, and general general public areas. The firms additionally could perhaps maybe maybe not start within 1,000 legs of other pawn stores and organizations such as for example title loan and lending that is payday business collection agencies as well as other little loan providers.
The law that is local temporarily in payday loans Vermont place but last approval is pending until Rock Hill’s preparing Commission holds a general general public hearing and makes a suggestion into the council. The five existing pawn shops in the town will soon be «grandfathered in» and permitted to remain available no matter if they cannot meet with the brand brand new separation needs.
Some pawn shop owners in Rock Hill state the brand new legislation will be effective keeping in mind their competition out, which can be most likely best for their company. Nevertheless, they have beenn’t fundamentally meant for the town’s grouping of pawn stores with tiny loan-type organizations simply because they see their industry as retail.
«The pawn store is really a place that is unique . it’s a lot like the old store that is general» says
, of Teague’s Pawn Shop on Cherry path .
She and her sons
Blake and Ryan Teague
began the family-owned pawn store significantly more than 20 years back in Rock Hill . As they estimate about 50 % of the company involves lending cash in return for individual things as security, the Teagues say they’ve been essentially «recyclers» of products.
They purchase and sell utilized and new products such as musical instruments and noise equipment, firearms, electronic devices, little devices and precious precious jewelry. (más…)