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Any person employed by a person licensed as a broker under the provisions of this Article, who shall himself engage in the business or act in the capacity of a broker shall, notwithstanding the fact of such employment, be amenable to all the provisions of this Article and shall be required to possess an individual broker's license. (Ord. 1998-0-32, 6-15-98, eff. 7-1-98)
ARTICLE 4B
PAWNBROKERS
PAWNBROKERS
SECTION:
8-4B-1: Definitions
8-4B-2: License Administrator
8-4B-3: License Required
8-4B-4: Application For Licenses
8-4B-5: Restrictions On Licenses
8-4B-6: License Conditions
8-4B-7: Maintenance Of Records
8-4B-8: Removal Of Identifying Marks Prohibited
8-4B-9: Video Camera Surveillance Required
8-4B-10: Hours Of Business
8-4B-11: Sales And Redemptions Regulated
8-4B-12: Prohibited Pledges Or Purchases
8-4B-13: Violation Penalty
The following words and phrases shall have the meanings and are hereby defined as follows:
AUTHORIZED ONLINE DATABASE: An online reporting system, such as LeadsOnline, designated by the Chief of Police for reporting transactions pursuant to this article.
GIFT CARD: A card, or a stored value card or other physical medium, containing stored value primarily intended to be exchanged for consumer goods and services.
JEWELRY: Any "precious metal" as defined in this section or any "precious stone or gem" as defined in this section, including, but not limited to, earrings, chains, pendants, pins, brooches, bracelets, armbands, rings, head or hair ornaments, diadems, cuff links or similar objects comprising or containing precious metals or precious stones. The term "jewelry" also includes articles comprising or containing precious metals or precious stones, including, but not limited to, optical frames, pens, pencils, flatware or hollowware.
PAWN: Something given as a security for a loan.
PAWNBROKER: Any person who lends money on deposit or pledge of physically delivered personal property, or who deals in the purchase of personal property on condition of selling the same back at a stipulated price, or who publicly displays at his or her place of business the sign generally used by pawnbrokers to denote the pawnbroker business, or who publicly displays a sign which indicates, in substance, a business on the premises which "loans money for personal property, or deposit or pledge". The business of a pawnbroker shall not include the lending of money on deposit or pledge of title to property.
PAWNER: One who gives or deposits jewelry, precious metal, stones or gems or secondhand property as security for payment of a loan.
PRECIOUS METAL: Gold, silver or platinum with a value of more than one hundred dollars ($100.00).
PRECIOUS STONE OR GEM: Any genuine diamond, emerald, sapphire or pearl of any value and any other genuine stone or gem with a value of more than one hundred dollars ($100.00).
SECONDHAND PROPERTY: Any previously owned audio-video equipment, compact disc, audio or video tapes or recordings, camera, computer hardware, jewelry made of precious metal or stone, article made of precious metal, precious stone or gem, watch, equipment, machine, tool or device.
TRANSACTION: The receipt or disbursement of jewelry, precious metal, stones or gems or secondhand property by a pawnbroker through pawn, purchase, sale, barter, consignment or trade. (Ord. 16-019, 2-16-2016)
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