Equitable Loan Society, Inc. v. Bell

Opinion by

Mr. Justice Drew,

The Pawnbrokers License Act, approved April 6, 1937, P. L. 200, provides for the licensing and regulating of the business of pawnbrokers, empowers the Secretary of Banking to issue and revoke licenses, to make examinations and promulgate regulations, limits the interest and charges on loans, provides for the keeping of records by pawnbrokers, and prescribes penalties for violation of the Act. Approximately two weeks prior to October 1, 1937, the effective date of the Act, this bill in equity was filed to restrain the Secretary of Banking, and certain of his…