(A) Every pawnbroker shall give a plain written or printed ticket for the loan to the person negotiating or selling, and a plain written or printed receipt of the articles that have been purchased, or upon which money is loaned, having on each a copy of the entries required by KRS 226.040 to be kept in his or her register. He or she shall not make any charge for the ticket or receipt.
(B) A pawnbroker may sell any article pawned after the expiration of 60 days from the maturity of the loan; provided that, not less than ten days before making the sale, the pawnbroker shall have given notice to the person by whom the article was pawned, by mail addressed to the post office address of such person as shown on the pawnbroker’s register, notifying such person that, unless he or she redeems the article within ten days from the date of mailing said notice, the article will be sold.
(Prior Code, § 112.04) (Ord. 11-01, passed 11-14-2011) Penalty, see § 112.99
Statutory reference:
For similar provisions under state law, see KRS 226.050