A. Requirement: Beginning January 1, 2014, all pawnbrokers, secondhand dealers and scrap metal dealers shall subscribe to LeadsOnline or the city's then current electronic reporting system and maintain said subscription throughout the term of the business license. Every business governed by this chapter shall enter and upload all information from its books and records regarding contracts for purchase, pledges, and purchase transactions to LeadsOnline on a daily basis. Every data field shall be utilized. The online subscription service is currently provided at no cost to the business owner. In the event that the reporting system used by the city malfunctions or is otherwise not operational, the business shall keep a written record of any and all transactions made during the time the service is not operational, and shall input those records into the reporting system within twenty four (24) hours after the service becomes operational. Additionally, should the service remain nonoperational for more than twenty four (24) hours, written reports shall be forwarded to the chief of police on a daily basis.
B. Holding Items Bought: Items bought, except on invoice from a manufacturer or wholesaler with an established place of business, shall be held for ten (10) days before being disposed of or sold.
C. Declaration Of Ownership From Seller: The business shall obtain a written declaration of ownership from the seller or pledgor on all buy and/or pawn transactions, except refinance pawn transactions or merchandise bought from a manufacturer wholesaler with an established place of business. The seller or pledgor shall be required to state how long he has owned the property described in the transaction. The declaration of ownership shall appear on the bill of sale or pawn ticket, to be completed by the seller or the pledgor at the time of the transaction. (Ord. 2013-63, 12-17-2013)