(A) Every pawnbroker shall keep consecutively numbered records of each and every pawn transaction, which shall correspond in all essential particulars to a detachable pawn ticket or copy thereof attached to the record.
(B) The pawnbroker shall, at the time of making the pawn or purchase transaction, enter upon the pawn ticket a record of the following information which shall be typed or written in ink and in the English language:
(1) A clear and accurate description of the property, including model and serial number if indicated on the property;
(2) The name, residence address, phone number, and date of birth of the pledgor;
(3) The date of the pawn transaction;
(4) The type of identification and the identification number accepted from pledgor;
(5) A description of the pledgor that includes the approximate height and weight along with the pledgor’s gender and race;
(6) The amount of money advanced;
(7) The date due and the amount due;
(8) All monthly pawn charges, including interest, annual percentage rate on interest, and total recovery fee; and
(9) The agreed upon “stated value” between pledgor and pawnbroker in case of loss or destruction of pledged item; unless otherwise noted, “stated value” is the same as the loan value.
(C) The following shall be printed on all pawn tickets:
(1) The statement that “ANY PERSONAL PROPERTY PLEDGED TO A PAWNBROKER WITHIN THIS STATE IS SUBJECT TO SALE OR DISPOSAL WHEN THERE HAS BEEN NO PAYMENT MADE ON THE ACCOUNT FOR A PERIOD OF 60 DAYS PAST MATURITY DATE OF THE ORIGINAL CONTRACT. NO FURTHER NOTICE IS NECESSARY.”;
(2) The statement that “THE PLEDGOR OF THIS ITEM ATTESTS THAT IT IS NOT STOLEN, HAS NO LIENS OR ENCUMBRANCES, AND IS THE PLEDGOR’S TO SELL OR PAWN.”;
(3) The statement that “THE ITEM PAWNED IS REDEEMABLE ONLY BY THE BEARER OF THIS TICKET OR BY IDENTIFICATION OF THE PERSON MAKING THE PAWN.”; and
(4) A blank line for the pledgor’s signature and the pawnbroker’s signature or initials.
(D) The pledgor shall sign the pawn ticket and shall receive an exact copy of the pawn ticket which shall be signed or initialed by the pawnbroker or any employee of the pawnbroker. These records shall be available for inspection and pickup each regular workday by the Asheboro Police Department. These records may be electronically reported to the city police department by transmission over the Internet or by facsimile transmission in a manner authorized by the chief of police. These records shall be a correct copy of the entries made of the pawn or purchase transaction and shall be carefully preserved without alteration, and shall be available during regular business hours.
(E) Except as otherwise provided in this chapter or any applicable provision of state law, any person presenting a pawn ticket to a pawnbroker is presumed to be entitled to redeem the pledged goods described on the ticket.
(Ord. 19 ORD 6-15, passed 6-29-15)