124.01 Definitions | 124.09 Inspection of Register and Property |
124.02 License Required | 124.10 Ticket for Property Received |
124.03 Exemptions | 124.11 Holding Period |
124.04 Affidavit Required | 124.12 Police Order to Hold Property |
124.05 Application | 124.13 Prohibited Acts |
124.06 Surety Bond | 124.14 Denial, Suspension or Revocation |
124.07 Records Register Required | 124.15 Penalty |
124.08 Weapons | 124.16 Maximum Interest Rates |
For use in this chapter, the following terms are defined:
1. “Pawnbroker” means any person or business who loans money on deposit or pledge of personal property, or other valuable thing, or who deals in the purchasing of personal property or other valuable thing on the condition of selling the item back to the seller again at a stipulated price and who has taken possession of the property or any part thereof.
No person shall carry on or engage in business as a pawnbroker in the City without first having obtained a license therefor from the City and paying an annual license fee in an amount set by resolution of the Council and included in the Appendix of this Code of Ordinances. Any person having several or separate places of business shall pay the license fee and procure a license for each place. The license provided for herein is valid only for the location designated in the application pursuant to Section 124.05 and shall be prominently displayed therein at all times. Upon any change in any of the information required to be submitted as part of the application, the licensee shall within three (3) days of such change notify the Clerk of such change, in writing, and in the event of a change of address where doing business, the license shall be returned to the Clerk and an amended license issued designating the new location. The amended license will be valid for the length of the time remaining on the original license. All licenses issued under this chapter shall expire one year after the original date of issuance. There shall be no automatic renewal. An application for renewal shall be filed and the fee paid not less than forty-five (45) days prior to the expiration of the current license.
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