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(A) Pawnbrokers are required to hold all goods received through purchase, consignment, or trade for a period of twelve calendar days after receipt. The goods must be kept in their original form, uncommingled, along with a copy of the transaction record, as set forth in § 123.09, on the premises of the business location during the holding period for purposes of inspection, if necessary, as provided by this chapter.
(B) If the Louisville Metro Police Department has probable cause to believe that an item at a pawnshop has been stolen and the Louisville Metro Police Department notifies the pawnbroker to refrain from selling the item, the item shall not be sold or removed from the premises. The order to hold shall expire 90 days after receipt of the written notification from the Louisville Metro Police Department unless extended by agreement or modified by an order from the court.
(C) Pawnbrokers shall take a digital photograph of goods received through purchase, consignment or trade. Photographs must be maintained for at least one year from the date of the transaction along with the transaction record, as set forth in § 123.09. Digital photographs must accurately depict the goods received through purchase, consignment or trade. Upon request from the Louisville Metro Police Department, the pawnbroker shall provide an accurate digital photograph of the pawned good to the Louisville Metro Police Department.
(D) 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 the notice, the article will be sold. (KRS 226.050(2))
(1994 Jeff. Code, § 123.06) (Jeff. Ord. 3-1972, adopted and effective 8-22-1972; Lou. Metro Am. Ord. No. 76-2007, approved 5-15-2007; Lou. Metro Am. Ord. No. 230-2013, approved 12-16-13; Metro Am. Ord. No. 154-2014, approved 10-1-2014; Lou. Metro Am. Ord. No. 138-2019, approved 9-24-2019; Lou. Metro Am. Ord. No. 69-2021, approved 5-27-2021) Penalty, see § 123.99