CHAPTER V. BUSINESS REGULATIONSCHAPTER V. BUSINESS REGULATIONS\Article 6. Pawnbrokers

For the purposes of this Article, the word pawnbroker shall mean any person who loans money on deposit or pledge of personal property or valuable thing, other than intangible personal property or a person that deals in the purchase of personal property on condition of selling the same back again at a stipulated price; provided, that the word “pawnbroker” shall not include any person operating under the supervision of the State bank commissioner or the consumer credit commission of this state.

(Code 1970, 19‑1)

Every person who shall engage in, or in any way aid or assist in carrying on, the business of a pawnbroker in this City shall keep a book in which shall be written legibly in ink, at the time of the purchase, pawn, taking or receiving of the goods, Articles or thing, an accurate account and description, in the English language, of the goods, Articles or thing purchases, pawned, taken or received, the amount of money paid therefore at the time of purchasing, taking or receiving the same, the name and residence of the person selling, pawning or delivering such goods, Articles or thing, and a description of the person as near as may be from whom the same was purchased, pawned, taken or received.

(Code 1970, 19‑2)

When any watch is purchased, pawned, taken or received, the person so purchasing, taking or receiving such watch shall also write in the book of records of transactions the name of the maker of such watch, and its number and any monogram, name, initials or other marks thereon, and when jewelry, or gold or silver Articles, or gold or silver plated Articles, of any kind, are purchased, taken or received, such person shall not in such book all letters or marks described, engraved or cut thereon.

(Code 1970, 19‑3)

No pawnbroker shall be required to keep or furnish any record or description of secondhand furniture, purchased absolutely by such pawnbroker or of goods or merchandise purchased from a manufacturer or wholesale dealer who has an established place of business.

(Code 1970, 19‑4)

The record book provided for in Section 5‑602 shall, at all times, be open to the inspection of the Chief of Police or to any other person authorized by him or her for that purpose.

(Code 1970, 19‑5)

Any and all property pawned, pledged, purchased or received by any pawnbroker shall at all times may be subject to the inspection of the Chief of Police or any person authorized by him or her for that purpose.

(Code 1970, 19‑6)

No pawnbroker shall purchase or receive any goods, Articles or thing of value from any person under the age of 18 years, from any person who is at the time intoxicated, from any person who is a habitual drunkard or, knowingly, from any servant or apprentice, without first ascertaining that such Article or thing is the property of the person offering to pledge the same.

(Code 1970, 19‑7)

It shall be the duty of every pawnbroker in the City, upon receiving information or learning that any goods, Articles or thing left with him or her has been lost or stolen, to immediately notify the Chief of Police of the fact, giving the name of the person from whom he or she received the same, the time when it was received, and of any other facts connected therewith that may tend to the discovery or conviction of the thief.

(Code 1970, 19‑8)

It shall be unlawful for any pawnbroker to conceal from sight any Article or property purchased or received by him or her.

(Code 1970, 19‑9)

No pawnbroker shall, for a period of three (3) days from the time of purchase of any Article or property by him or her, resell, dismantle, overhaul, dispose of, change or alter the same.

(Code 1970, 19‑10)