(A) Every licensee must provide a receipt to the party identified in every reportable transaction and must maintain a duplicate of that receipt for three years.
(B) The receipt must include, at a minimum, the following information:
(1) The name, address and telephone number of the licensed business;
(2) The date and time that the item was received by the licensee;
(3) Whether the item was pawned, sold or the nature of the transaction;
(4) An accurate description of each item received including, but not limited to, any trademark, identification number, serial number, model number, brand name or other identifying mark on such an item;
(5) The signature or unique identifier of the licensee or employee that conducted the transaction;
(6) The amount advanced or paid;
(7) The monthly and annual interest rates, including all pawn fees and charges;
(8) The last regular day of business by which the item must be redeemed by the pledger without risk that the item will be sold, and the amount necessary to redeem the pawned item on that date;
(9) The full name, current residential address, current residence phone number and birth date of the pledger or seller;
(10) The identification number and state of issue from any of the following forms of identification of the seller:
(a) Current valid Minnesota driver’s license;
(b) Current valid Minnesota identification card; and
(c) Current valid photo driver’s license or identification card issued by another state or province of Canada.
(11) Description of the pledger or seller including sex, height, weight, race, eye color and hair color;
(12) The signature of the pledger or seller; and
(13) All printed statements as required by M.S. § 325J.04, subd. 2, as it may be amended from time to time, or any other applicable statutes.
(Ord. 332, passed 5-19-2008)