The following words, terms and phrases, when used in this chapter, shall have the meanings ascribed to them in this section, except where the context clearly indicates a different meaning:
ADMINISTRATOR: The administrator of consumer affairs defined in the uniform consumer credit code.
PAWN TRANSACTION: The act of lending money on the security of pledged goods or the act of purchasing tangible personal property on condition that it may be redeemed or repurchased by the seller for a fixed price within a fixed period of time.
PAWNBROKER: A person engaged in the business of making pawn transactions.
PLEDGED GOODS: Tangible personal property, securities of printed evidences of indebtedness, which property is deposited with or otherwise delivered into the possession of a pawnbroker in the course of his business in connection with a pawn transaction.
SCRAP METAL DEALERS: A person engaged in the business of buying or selling old ("scrap") metals.
SECONDHAND DEALERS: Any person, other than "pawnbrokers" as defined herein, who shall engage in the occupation or business of dealing in any secondhand or previously used goods, wares or merchandise from individuals other than other licensed dealers, garage sale licensees, or from estate sales. (Ord. 2013-63, 12-17-2013)
Notes
| 1 | 2. State law reference - similar provisions, 59 OS § 1502. |