(A) The annual license fee to engage in the business of pawnbroker shall be an amount set forth by Council from time to time. The term PAWNBROKER shall include any person engaged in the business of lending money on deposit or pledge of personal property or other valuable thing, other than securities or printed evidence of indebtedness, or in the business of purchasing personal property, such as articles made of or containing gold, silver, platinum or other precious metals or jewels of any description, for the purpose of reducing or smelting them into any form different from their condition or construction when purchased and reselling or marketing the product.
(B) (1) Every pawnbroker shall keep at his or her place of business an accurate detailed description of all personal property, bonds, notes and other securities received or purchased and mentioning particularly any descriptive or identifying marks that may be on such property, bonds, notes or other securities, together with the name, residence and an accurate description of the person by whom they were left.
(2) IDENTIFYING MARKS include a listing of serial numbers on items received or purchased.
(a) Such entries shall list the date such property is taken by using ink or indelible pencil; no entry shall be erased or obliterated. All such records shall be clean and legible.
(b) On Monday of each week, a copy of the record sheets for the preceding seven-day period shall be picked up by the police. Such record shall be open to inspection by any law enforcement officer in this state during normal business hours of the purchaser.
(c) Every pawnbroker must keep for his or her own records the name, residence and an accurate description of the person by whom items are left. In the event the name of the person pawning an item is needed by a law enforcement officer to conduct an investigation, such information must be provided by the pawnbroker to the law enforcement officer.
(d) All books and records shall be preserved or made available in this city for a period of two years from date of the transaction, or one year from final entry made thereon, whichever is later.
(1991 Code, § 6-14.09) (Ord. passed 3-17-1994) Penalty, see § 110.999