For the purpose of this subchapter, the following definition shall apply unless the context clearly indicates or requires a different meaning.
PAWNBROKER. Every individual, corporation, business, partnership or entity, whether or not currently in operation, which lends money on the deposit or pledge of physically delivered personal property, other than property the ownership of which is subject to legal dispute, securities, printed evidence of indebtedness or printed evidence of ownership of the personal property, or who deals in the purchase of said property on the condition of selling the property back again at a stipulated price or used property purchased for resale. The business of a PAWNBROKER shall not include the lending of money on deposit or pledge of title to property.
(Ord. 2322, passed 1-9-2012)