Every licensee must provide a receipt to the party identified in every reportable transaction and must maintain a duplicate of that receipt for three years. The receipt must include at least the following information:
(A) The name, address and telephone number of the licensed business.
(B) The date and time the item was received by the licensee.
(C) Whether the item was pawned or sold, or the nature of the transaction.
(D) An accurate description of each item received, including but not limited to, any trademark, identification number, serial number, model number, brand name, or other identifying mark on the item.
(E) The signature or unique identifier of the licensee or employee that conducted the transaction.
(F) The amount advanced or paid.
(G) The monthly and annual interest rates, including all pawn fees and charges.
(H) The last regular day of business by which the item must be redeemed by the pledger without risk that it will be sold, and the amount necessary to redeem the pawned item on that date.
(I) The full name, current residence address, current telephone number, and date of birth of the pledger or seller.
(J) The identification number and state of issue from any of the following forms of identification of the seller:
(1) Current valid driver’s license.
(2) Current valid photo identification card.
(3) Current passport with picture.
(K) Description of the pledger or seller, including approximate sex, height, weight, race, color of eyes and color of hair.
(L) The signature of the pledger or seller.
(M) All printed statements as required by M.S. 325J.04, Subd. 2, or any other applicable statutes.
(Ord. 201414420-01, passed 11-20-14) Penalty, see § 116.99