In addition to the requirements of Pawnbrokers Regulations, the following shall apply:
(A) When the Chief of Police or any member of the police force designated by the Chief of Police notifies any pawnbroker or secondhand goods dealer not to sell any property received on deposit or purchased by him or her, or not to permit the same to be redeemed. The pawnbroker shall not sell nor permit the property to be redeemed until the property is released in writing by the Chief of Police or his or her designee.
(B) No personal property deposited with or purchased by any licensee under this section shall be sold from the place of business of the licensee until 120 days after the copy of the records required by this chapter have been made available to the Chief of Police, except upon written permission of the Chief of Police.
(C) No personal property deposited with or purchased by any licensee under this chapter shall be permitted to be redeemed from the place of business of the licensee until three working days after the copy of the records required under this chapter have been made available to the Chief of Police, except upon written permission of the Chief of Police.
(D) In addition to the other requirements of this section, a pawnbroker who holds a title to a motor vehicle as part of the pawn transaction shall:
(1) Be licensed as a used motor vehicle dealer under M.S. § 168.27, as it may be amended from time to time, and post the license on the pawn shop 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 vehicles, as required by law.
(E) A pawnbroker may not sell a motor vehicle covered by a pawn transaction until 120 days after recovery of the motor vehicle.
(Ord. 184, passed 5-18-98)