For the purpose of this subchapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
LEADSONLINE. An existing web-based central reporting system that allows pawnbrokers and precious metal dealers to report their transactions to law enforcement with information required by state statute and this subchapter.
PAWNBROKER. Any person who loans money on deposit of personal property, or who deals in the purchase of personal property on condition of selling the property back again at a stipulated price, or who makes a public display at his or her place of business of the sign generally used by pawnbrokers to denote their business, or who publicly exhibits a sign advertising money to loan on personal property or deposit is a PAWNBROKER.
PRECIOUS METAL DEALER. Any business that engages in the purchase of non-ferrous metals for the purposes of reselling and/or recycling metal for its physical qualities. Businesses are also identified as PRECIOUS METAL DEALERS if that business advertises that they purchase gold or silver for cash. A PRECIOUS METAL DEALER does not include any recycler who, as part of their business, purchases motor vehicles for scrap metal.
(Ord. 2011-08, passed 8-10-2011)