1. Every pawnbroker is required to keep a record register in which the dealer accurately, intelligently and legibly enters, in ink, in the English language, and at the time of purchasing or receiving any article or item:
A. The retail fair market value of the article;
B. The amount paid, advanced or loaned for the article;
C. A detailed, complete and accurate description of the article, including identifying marks;
D. The article's serial number and model number, if any;
E. The name of the person from whom the article is purchased or received, his or her residential address and telephone number, date of birth, driver's license or non-operator's identification number, height and general description as evidenced by a photograph and confirmed by a picture identification;
F. The date, time and place of the transaction;
G. The time and date when the article is to be redeemed or bought back;
H. Any security interest or bill of sale taken, or receipt or pawn ticket given;
I. When, and by whom, an article was bought back or redeemed;
J. When, to whom and how an article was disposed of.
2. Every pawnbroker shall also record the date of disposition of the article or any part or portion thereof. The disposition report shall be located in the same book and at the same place where the receiving records for the article are located.
3. Any person who fails to keep such records or fails to make the required entries therein, or intentionally or knowingly makes any false or unintelligible entry or any entry which the dealer has reason to believe is untrue, or who fails to make the inquiries necessary to enable the dealer to make such entries or any of them, or who fails to produce the records when requested, or who destroys or negligently permits such records to be destroyed or lost is in violation of this chapter.
4. Every pawnbroker shall submit to the Police Department, by noon on Friday of each week, a record of each item received on pawn or purchased outright. Such record shall include all information required by subsection 1. A pawnbroker who fails to submit such record on each item received is in violation of this chapter.