CHAPTER 12
PAWNBROKERS AND SECONDHAND DEALERS

ARTICLE A. PAWNBROKERS 1

SECTION:

5-12A-1: Definition

5-12A-2: License

5-12A-3: Application; Approval

5-12A-4: Rules And Regulations

5-12A-5: Prohibited Acts

5-12A-6: Denial, Suspension Or Revocation Of License

 

Notes

1	1. UCA §§ 11-6-1 et seq., 76-6-408.

5-12A-1: DEFINITION:

"Pawnbroker" means any person or persons who lend money on deposit or pledge of personal property; or deal in the purchase or possession of personal property on condition of selling the same back again to the vendor or pledgor at a stipulated price; or who purchase or take any personal property, with an agreement or understanding to resell at any time for a stipulated price or any price to the vendor; or who take such personal property on condition that it may be redeemed; or who lend or advance money on personal property, and take or receive such personal property in their possession.

(1979 Code § 5.38.010; amd. 1999 Code)

5-12A-2: LICENSE:

   A.   Required: It is unlawful for any person to carry on the business of pawnbroker without first having obtained the license required by this article and having paid the license fee therefor as prescribed in chapter 1, article B of this title. Any person engaging in or carrying on the business of a pawnbroker without first having obtained the license required in this article shall be guilty of a separate offense for each and every day that such business shall be carried on without such license.

   B.   Bond: Prior to the issuance of any license for the business of a pawnbroker, the applicant therefor shall file with the business license coordinator a bond with at least two (2) sufficient sureties in the penal sum of one thousand dollars ($1,000.00), in such form as shall be approved by the city attorney, conditioned for the faithful observance of all laws and ordinances respecting pawnbrokers. The form of the bond and the sufficiency of sureties, which shall be at least two (2) in number, shall be approved by the city attorney.

(1979 Code §§ 5.38.020, 5.38.030; amd. Ord. 97-94, 12-16-1997; 1999 Code)

5-12A-3: APPLICATION; APPROVAL:

All applications for a license to carry on the business of a pawnbroker shall be submitted to the business license coordinator and shall be accompanied by a petition signed by at least ten (10) owners of real property in the city certifying to the good character of the applicant. The mayor or the mayor's designee has the authority to grant or deny the license. In the event of a denial, the applicant may appeal the denial to the district court.

(1979 Code § 5.38.040; amd. 1999 Code)