(A) A licensed pawnbroker or secondhand dealer shall keep a record in English, at the time the pawnbroker or secondhand dealer receives any article of personal property or other valuable thing by way of pawn or purchase in the course of business, that includes a description of the article, a sequential transaction number, any amount of money loaned on or paid for the article, the name, residence, general description, and driver license number, official state identification card number, or government identification number of the person from whom the article was received, and the day and hour when the article was received. The record, the place where the business in conducted, and all articles of property in the place of business are subject to examination at any time by the attorney of the governmental unit, local police agency, county prosecuting attorney, and the department of state police.
(B) Upon receipt of any article of personal property or other valuable thing by way of pawn, purchase, or trade, the pawnbroker or secondhand dealer shall make a permanent record of the transaction on a form provided by the pawnbroker or secondhand dealer that substantially complies with the form described in MCL 446.205(4). Each record shall be completed legibly in duplicate by the pawnbroker or secondhand dealer in the English language, and shall contain all of the information required by MCL 446.205(4). The pawnbroker or secondhand dealer shall retain a record of each transaction and, within 48 hours after the property is received, shall send one copy of the record of transaction to the Big Rapids Department of Public Safety.
(Ord. 623-05-10, passed 5-17-10)