Reference Number: 
CTAS-411

The pawnbroker must retain the pledged goods for thirty (30) days after the maturity date of the transaction.  If the pledgor fails to redeem the pledged goods within the thirty (30) day period, the pawnbroker acquires absolute title to the goods and the debt becomes satisfied.  The pawnbroker may then sell or otherwise dispose of the goods.  T.C.A. § 45-6-211.