(A) The City Council finds that pawnbroker regulation is appropriate because the activities provide an opportunity for the commission of crimes and their concealment because the businesses have the ability to receive and transfer stolen property easily and quickly. The City Council also finds that consumer protection regulation of the activities is warranted because customers of the businesses frequently seek their services during times of desperate financial circumstances.
(B) To help the city to better regulate current and future pawn businesses, decrease and stabilize costs associated with the regulation of the pawn industry and increase identification of criminal activities in the pawn industry through the timely collection and sharing of pawn transaction information, this chapter also implements and establishes the required use of the Automated Pawn System (APS).
(Prior Code, § 516.01)