Mississippi Pawn Software: Pay Once, Own Forever

Stop paying monthly fees. Mississippi pawnbrokers using PPSS paid $695-$995 once for a lifetime license. Four years later? Still $695-$995 total. No monthly subscriptions, no annual price increases, no surprise renewal fees.

The software handles Mississippi's 25% monthly pawnshop charge (300% APR) and 30-day hold period after maturity. You configure the rate and hold period in the software's settings.

25% Pawnshop Charge

You can set PPSS to calculate Mississippi's 25% monthly pawnshop charge automatically - the highest rate in the nation along with Alabama and Georgia.

30-Day Hold Period

The software can track maturity date + 30-day hold period. You can configure it to flag items when the hold period expires.

Lifetime license: $695-$995. Software updates: $295/year or $737 lifetime. No monthly subscription fees.

Mississippi's 25% Monthly Pawnshop Charge and Automatic Forfeiture

Mississippi Code §75-67-313 allows pawnbrokers to charge up to 25% of the principal amount per month as a "pawnshop charge" covering all services, expenses, costs, and losses. This is one of the highest rates in the nation - equivalent to 300% annually. The charge is deemed earned monthly on the same day of each successive month.

Example: $1,000 Loan Over 3 Months

Month 1: $1,000 × 25% = $250 pawnshop charge
Month 2: $1,000 × 25% = $250 pawnshop charge
Month 3: $1,000 × 25% = $250 pawnshop charge

Total charges over 3 months: $750
Total redemption amount: $1,750 ($1,000 principal + $750 charges)

Mississippi law provides automatic forfeiture: pledged goods not redeemed within 30 days following the originally fixed maturity date are automatically forfeited to the pawnbroker by operation of law. Absolute right, title, and interest in the goods automatically vest to the pawnbroker. No notice to the customer is required.

PPSS can track: Maturity date + 30-day hold period. You can configure the software to flag items when the hold expires. The software does not enforce or prevent removal; that is the user's responsibility under Mississippi law §75-67-315(k).

Petal to Gulfport: Mississippi Pawnbrokers Choose PPSS

Petal, MS

"Running Smiling Goat Flea Market in Petal means we handle a mix of flea market sales and occasional pawn transactions. PPSS was the perfect fit—no monthly fees, easy to learn, and we can set it up to track our pawn tickets with Mississippi's 25% rate. The 30-day hold tracking helps us know when items become eligible for forfeiture. We've been using it for three years and it just works. No cloud dependence, no surprises. If you're in south Mississippi looking for straightforward software without the subscription headache, this is it."

— Smiling Goat Flea Market, Petal, MS

From Tupelo to Gulfport, Mississippi pawnbrokers rely on PPSS for automatic 25% charge calculation and forfeiture tracking.

About the Author

SH
Steve Henning
Managing Director, Pawnbroker Pawn Shop Software
Steve has been involved in pawn software development since 2005. He works directly with pawnbrokers across the country to understand their operational needs. This Mississippi page is reviewed periodically against the Mississippi Pawnshop Act (Mississippi Code §§75-67-301 through 75-67-337).
info@pawn-software.com    800-710-6184    Updated: February 2026

Frequently Asked Questions: Mississippi Pawn Software & Regulations

1. Can PPSS calculate Mississippi's 25% pawnshop charge?

Yes. You can configure the software to apply the 25% monthly charge as defined in §75-67-313. You set the rate in the software's fee settings, and PPSS will calculate the charge on each transaction based on the principal and time elapsed. The software can also account for the provision that the charge is deemed earned monthly on the same day of each successive month.

2. How can the software help with the 30-day hold period after maturity?

PPSS can be configured to track the maturity date and then count the 30-day hold period. You can set the software to flag items as "in hold" during this period and change their status after the 30 days expire. The software does not automatically prevent sale or removal; you and your staff are responsible for ensuring compliance with Mississippi's forfeiture laws.

3. Does PPSS handle the different hold periods for purchased goods?

For purchases (not pawns), Mississippi requires a 21-day hold for paper reporting or 14-day hold for electronic reporting (§75-67-309). You can configure separate transaction categories in PPSS with different hold period tracking to help manage these requirements.

4. What about reporting to law enforcement?

PPSS allows you to export transaction data in common formats (CSV, text) that you can then provide to local police departments. The software does not automatically submit reports; you control the export and delivery process.

5. Does the software prevent accepting prohibited items?

PPSS is a recordkeeping tool. It does not physically inspect items or prevent transactions. You can use the software's category and notes fields to document items, but you and your staff are responsible for complying with all legal prohibitions, such as not accepting property with altered serial numbers (§75-67-315).

How Mississippi Pawnbrokers Use PPSS

25% Monthly Pawnshop Charge Calculation

Mississippi allows pawnbrokers to charge up to 25% of principal per month for all services, expenses, and costs. You can configure PPSS to apply this rate automatically to every transaction.

Loan Amount 25% Monthly Charge 3-Month Total Charges
$100 $25 $75
$500 $125 $375
$1,000 $250 $750
$2,000 $500 $1,500

The pawnshop charge is deemed earned, due, and owed as of the date of the pawn transaction, and a like sum is deemed earned monthly on the same day of the succeeding month.

30-Day Hold Period and Automatic Forfeiture

Mississippi Code §75-67-311 provides that pledged goods not redeemed within 30 days following the originally fixed maturity date shall automatically be forfeited to the pawnbroker. No notice to the customer is required - forfeiture happens by operation of law.

Example Timeline:
Loan date: January 1
Maturity date: February 1
30-day hold period: February 2 - March 3
Automatic forfeiture: March 4 (if not redeemed)

Mississippi law §75-67-315(k) prohibits removal of pledged goods from the premises within 30 days following the originally fixed maturity date. You can configure PPSS to track this hold period and flag items, but you are responsible for ensuring compliance.

Mississippi Pawn Regulation Overview

Mississippi pawnbrokers operate under the Mississippi Pawnshop Act (Mississippi Code §§75-67-301 through 75-67-337), regulated by the Mississippi Department of Banking and Consumer Finance. Key provisions include:

Pawnshop Charge (§75-67-313):

Hold Period and Forfeiture (§75-67-311, §75-67-315):

Purchased Goods Hold Period (§75-67-309):

Prohibited Acts (§75-67-315):

PPSS is a recordkeeping tool. You can configure it to calculate the 25% pawnshop charge and track hold periods. Compliance with Mississippi law remains your responsibility.

Pricing: PPSS Mississippi Edition

Deluxe Edition: $695

  • Pawn, buy, layaway, consignment
  • Configurable interest/fee rates
  • Single workstation
  • Data export capability
  • Lifetime ownership

Diamond Edition: $895

  • Everything in Deluxe
  • Employee permissions
  • Network support
  • Thermal label printing
  • Lifetime ownership

24karat Edition: $995

  • Everything in Diamond
  • License scanning
  • Fingerprint capture
  • Webcam/microscope imaging
  • Lifetime ownership

Software Updates:

Mississippi Savings Example: 5 Years

Subscription software: $300/month × 60 months = $18,000
PPSS Diamond Edition: $895 + ($295 × 4 years) = $2,075
Total savings: $15,925

Download Your Free Mississippi Demo Today

Test PPSS with Mississippi's 25% pawnshop charge and 30-day hold period tracking features. The demo includes sample transactions showing automatic rate calculation and hold period monitoring.

Download Free Demo

Questions? Call 800-710-6184
Monday-Friday, 9 AM - 5 PM EST