The purposes of this article include to:
(1) Ensure a sound system of making loans against, or acquiring through purchase, tangible personal property by and through pawnshops, precious material dealers, secondhand retailers, and automated kiosks; and to prevent frauds, ensure fair record keeping and reporting practices;
(2) Provide for permitting and reporting requirements for pawnbrokers, precious metal dealers, secondhand retailers, and automated kiosks;
(3) Promote financial responsibility to the city and Its residents and compliance with city law; and
(4) Promote the health, safety, and welfare of the city by implementing minimum accountability standards for pawnbroker, precious materials, secondhand retailer, and automated kiosk businesses; help level the regulatory playing field for these related industries; and help limit vulnerability of these businesses to becoming unwitting participants in the cycle of property crime.