(A) The licensee shall provide a receipt to the seller or pledger of any item of property received, which shall include the following information:
(1) The name, address and telephone number of the licensee’s business;
(2) The date on which the item was received by the licensee;
(3) A description of the item received and the amount paid to the pledger or seller in exchange for the item pawned or sold;
(4) The signature of the licensee and seller or pledger;
(5) The deadline by which the item must be redeemed by the pledger without risk that the item will be sold, and the amount of money necessary to redeem the pawned item;
(6) The amount of interest charged on pawned items; and
(7) The name and address of the seller or pledger.
(B) The licensee shall provide a receipt to any purchaser of any item of property for which more than $20 is paid, which shall include the following information:
(1) The name, address and phone number of the licensee’s business;
(2) The date on which the item was sold to the purchaser;
(3) A description of the item and amount paid to the licensee in exchange for the item;
(4) The signature of the licensee and purchaser; and
(5) The name, address, home telephone number and work telephone number of the purchaser.
(C) A legible copy of each receipt shall be retained by the licensee for at least 4 years. The licensee shall make these records available during regular business hours and at any other reasonable times for inspection by the Police Department or other city official.
(Prior Code, § 6.13) (Am. Ord. 48, Second Series, passed 7-1-2002)