A PAWNBROKER shall be considered as any person who loans money on deposit of personal property; deals in the purchase of personal property on condition of selling the property back again at a stipulated price; 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 (KRS 226.010). In addition to complying with state law including KRS 226.010 to 226.990, PAWNBROKERS shall keep a record of all purchases including other than pawned items. Said records shall be transmitted electronically to the city’s Police Department within 24 hours of receipt of any goods purchased.
(Prior Code, § 112.01) (Ord. 10-2009, passed 7-20-2009)