| title (relating to Processing of Application).
(h) Responsibility.
(1) Responsibility of transferor. Before the transferee
begins performing pawnshop activity under a license, the transferor
is responsible to any consumer and to the OCCC for all pawnshop activity
performed under the license.
(2) Responsibility of transferor and transferee. If
a transferee begins performing pawnshop activity under a license before
the OCCC's final approval of an application described by subsection
(e), then the transferor and transferee are each responsible to any
consumer and to the OCCC for activity performed under the license
during this period.
(3) Responsibility of transferee. After the OCCC's
final approval of an application described by subsection (e), the
transferee is responsible to any consumer and to the OCCC for all
pawnshop activity performed under the license. The transferee is responsible
for any transactions that it purchases from the transferor. In addition,
if the transferee receives a license transfer, then the transferee's
responsibility includes all activity performed under the license before
the license transfer.
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