Loan Disclosures

General information

Gold Summit Jewelry and Loan discusses potential collateral loans secured by eligible valuables. A transaction may be a pawn transaction under applicable Utah law. This page is a general review template, not a loan agreement or a substitute for legally required disclosures.

Evaluation and eligibility

Eligibility and any proposed amount depend on an in-person item evaluation and applicable business requirements. Website photographs and descriptions are not valuations, guarantees of approval, or statements that every item is accepted.

Review the written agreement

Before agreeing to a transaction, ask the business to explain the amount advanced, all applicable costs, repayment and redemption dates, total amount needed to redeem the item, any extension options, and the consequences of not redeeming the item. Read and retain the applicable written documents.

Collateral and identification

A collateral transaction involves delivering property as security. Utah law includes transaction-ticket and customer-information requirements for pawn and secondhand businesses. Ask which identification, documentation and other requirements apply to your transaction; do not email identity documents through a general inquiry.

If you do not redeem the item

Unredeemed collateral may be subject to sale or other consequences under the written agreement and applicable law. Do not assume there is an automatic extension or that a website description states every applicable deadline or right.

Required details before launch

• Confirm legal entity, license/registration details and required advertising notices.
• Approve actual loan products, charges, rates, terms and required cost disclosures.
• Verify redemption, extension, non-redemption, recordkeeping and reporting procedures.
• Check Utah, local and any applicable federal requirements with qualified counsel.

No example APR, rate, fee, guaranteed amount, or funding-time promise is supplied in this draft.

Ask about a loan

Gold Summit Jewelry and Loan
140 W 2100 S, Salt Lake City, UT 84119
(208) 569-4781
info@goldsummitjewelryandloan.com