(A) In addition to the other requirements of this chapter, a pawnbroker who holds a title to a motor vehicle as part of a pawn transaction shall:
(1) Be licensed as a used motor vehicle dealer under M.S. § 168.27, and post such license on the pawnshop premises;
(2) Verify that there are no liens or encumbrances against the motor vehicle with the Department of Public Safety; and
(3) Verify that the pledgor has automobile insurance on the motor vehicle as required by law.
(B) A pawnbroker may not sell a motor vehicle covered by a pawn transaction until ninety (90) days after recovery of the motor vehicle.
(Ord. 427, passed 11-18-2014)