Every pawnbroker, upon receiving any payment of money from a borrower, shall give to such person a plain and complete receipt for such payment, specifying separately the amount applied to principal and the amount applied to interest. In a case where the pawnbroker has purchased personal property under an agreement to sell it back at a stipulated price, the pawnbroker shall, on receiving any payment of money from the person from whom the property was purchased, give such person a receipt stating the original purchase price, the stipulated resale price, and the amount received.
(Prior Code, § 112.07) (Ord. 11-01, passed 11-14-2011) Penalty, see § 112.99
Statutory reference:
For similar provisions under state law, see KRS 226.090