(A) Every pawnbroker shall keep a record of every article pledged with or sold to the pawnbroker, and this record shall be open to the inspection of any police officer at any reasonable time during the hours of business. Such record shall provide the following information:
1. Name, address, and license number of the pawnbroker;
2. The pledgor or seller's motor vehicle operator's or chauffeur's license number and the state of issue;
3. The date of the transaction, the article pledged or sold together with its description, serial number or other identification, and the amount and terms of the loan;
4. Signature lines or space for the execution by both pawnbroker and pledgor or seller.
(B) Every record shall be executed by the pawnbroker and the pledgor or seller, and at the time of execution, the pawnbroker shall compare the signature upon the operator's license with that upon the record.
(C) Every pawnbroker shall be required to ascertain title in and to any article pledged or sold to the pawnbroker. This section shall apply to all secondhand purchases for resale, but shall not apply to articles of new merchandise purchased by a pawnbroker in the ordinary channels of trade.
(D) All records shall be made in triplicate, with one of the three (3) said copies to be separately filed by date, and retained for inspection by the police department as allowed herein. (Ord. 938, 12-17-2015)