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A Pawnbroker Must Waive the Interest and Hold Your Goods Through a Deployment

Give a pawnbroker a copy of orders showing you have been deployed on federal active duty and the pawnbroker must waive any unpaid interest charges and hold the pledged goods until sixty days after you return.

Verified August 23, 2026

What this benefit is

Give a pawnbroker a copy of orders showing you have been deployed on federal active duty and the pawnbroker must waive any unpaid interest charges and hold the pledged goods until sixty days after you return.

What it's worth: All unpaid interest waived, and the goods held until sixty days after you return

  • The amount waived depends on how long the pledge has run. Arizona allows a pawnbroker to charge up to thirteen per cent per month for the first two months and up to eleven per cent per month after that, so unpaid interest over a long deployment is substantial.
  • The statute waives unpaid interest charges. It does not cancel the principal — the pledge is still yours to redeem.

Who is entitled to it

  • The protection runs to the pledgor who is the deployed member.
  • You are serving, or under orders that could deploy you.
  • Your home is in Arizona.

Not sure whether that describes you?

Answer a few questions about this benefit specifically — we only ask what this one actually depends on, and we stop as soon as we know.

How to claim it

Deadline: As soon as you have deployment orders
  1. 1Get a copy of the orders to the pawnbroker. The duty in this section is triggered by the pawnbroker receiving a copy of military orders indicating the pledgor has been deployed.
  2. 2Check the orders actually show what the statute asks for: deployment as a member of the Arizona national guard, the United States armed forces reserves or the regular component of the United States armed forces, and that the member is serving on federal active duty.
  3. 3Do not pay accrued interest before you hand the orders over. Once the section engages the pawnbroker must waive any unpaid interest charges.
  4. 4Say clearly that you want the goods held. The pawnbroker must hold the pledged goods until sixty days after the military member returns from deployment, which is the part that stops a sale while you are away.
  5. 5Keep proof of delivery of the orders. This is a duty on a private business with no agency in the middle, so the record that you delivered them is what you would rely on later.
  6. 6Diarise the sixty days from your return. The hold ends then, and the pledge goes back to ordinary terms.
  7. 7Work out what the pledge is really costing before you renew it. The interest ceilings in this section are monthly, not annual, and they compound the case for redeeming rather than rolling over.
Form
None — deliver a copy of your military orders
File with
The pawnbroker holding the pledge
No renewal
Once granted it does not need renewing.
CorrectionThe waiver is of unpaid interest, not of the loan. Redeeming still costs the principal, and the goods are held rather than returned free.
Worth knowingNothing happens automatically. The section is triggered by the pawnbroker receiving a copy of the orders, so a member who deploys without delivering them has not engaged it.
Known gapThe section does not say what remedy a member has if a pawnbroker ignores it or has already sold the goods. We have not read the enforcement provisions of this chapter, and a member in that position should take advice rather than assume one.

Sources

Why only one source type: The duty falls on a private pawnbroker rather than on a state office, so there is no agency page restating it. The statutory text is the operative document.

This finder provides an informational match, not a government eligibility determination. The responsible agency decides your application.