A. Pledged Property: Every pawnbroker who receives personal property in pledge or as security for a loan shall hold such property for redemption by the pledgor thereof for at least ninety (90) days after the receipt of said property and shall not sell or assign the pledgor’s interest therein during said redemption period. This time limitation shall not prevent the pledgor from redeeming the property at any time during the redemption period.
B. Purchased Property: No pawnbroker, or secondhand dealer, or recycler shall sell any item purchased for a period of thirty (30) days. This time limitation shall not prevent the original seller from repurchasing any item at any time during that period. (Ord. 592, 4-9-2019; amd. Ord. 634, 6-14-2022)