(A) Every used goods dealer shall keep a standard record book. The book shall be the same as the book that has been approved by the County Sheriff for pawnbrokers and loan brokers. In the book shall be written in ink all personal property purchased or taken in trade, as well as each and every loan or taking of a pledge, an accurate account and description, in the English language, of all the goods, articles and other things pawned or pledged, the amount of money, value or thing loaned thereon, the time of pledging the same, the rate of interest to be paid on the loan, and the name and residence of the person making the pawn or pledge. The entry shall include the serial number or identification number of items received which are required to bear the number. Every used goods dealer shall also record in his or her book an accurate account and description, in the English language, of all goods, articles and other things purchased or received for the purpose of resale or loan collateral by the dealer from any source, not in the course of a pledge or loan, the time of the purchase or receipt and the name and address of the person or business which sold or delivered the goods, articles or other things to the pawnbroker. No entry in the book shall be erased, mutilated or changed.
(B) The book required by this section as well as every article or other thing of value pawned or pledged or purchased by a used goods dealer, shall at all times be open to the inspection of the Police Department.
(1990 Code, § 14-73) (Ord. 62-682, passed 12-3-1962)
Statutory reference:
Similar provisions, see ILCS Ch. 205, Act 510, §§ 5 and 6