(A) The date by which a pawned item of property must be redeemed by the pledger, without risk that the item will be sold, must be a day in which the pawnbroker is open for regular business.
(B) Any person to whom the receipt for pledged goods was issued, or any person identified in a written and notarized authorization to redeem the pledged goods identified in the receipt, or any person identified in writing by the pledger at the time of the initial transaction and signed by the pledger, shall be entitled to redeem or repurchase the pledged goods described on the ticket. In the event the goods are lost or damaged while in possession of the pawnbroker, the pawnbroker shall compensate the pledger, in cash or replacement goods acceptable to the pledger, for the fair market value of the lost or damaged goods. Proof of compensation shall be a defense to any prosecution or civil action.
(Prior Code, § 9.36)