(A) Every pawnbroker purchasing or receiving on deposit for a loan any article of personal property shall give to the person selling or depositing the article a plain written or printed ticket or receipt for the article so sold or deposited, showing the terms of the sale or loan.
(B) At the time of making the pawn or purchase transaction, the pawnbroker shall immediately and legibly record in English the following information by using ink or other indelible medium on forms or in a computerized record approved by the municipality:
(1) A complete and accurate description of the property, including model and serial number if indicated on the property;
(2) The full name, residence address, residence telephone number, and date of birth of the pledgor or seller;
(3) Date and time of pawn or purchase transaction;
(4) The identification number and state of issue from one of the following forms of identification of the seller or pledgor: current valid Minnesota driver's license; current valid Minnesota identification card; or current valid photo identification card issued by another state or a province of Canada;
(5) Description of the pledgor including approximate height, sex, and race;
(6) Amount advanced or paid;
(7) The maturity date of the pawn transaction and the amount due; and
(8) The monthly and annual interest rates, including all pawn fees and charges.
(C) The following shall be printed on all pawn tickets:
(1) The statement that “Any personal property pledged to a pawnbroker within this state is subject to sale or disposal when there has been no payment made on the account for a period of not less than 60 days past the date of the pawn transaction, renewal, or extension; no further notice is necessary. There is no obligation for the pledgor to redeem pledged goods.”
(2) The statement that "The pledgor of this item attests that it is not stolen, it has no liens or encumbrances against it, and the pledgor has the right to sell or pawn the item."
(3) The statement that “This item is redeemable only by the pledgor to whom the receipt was issued, or any person identified in a written and notarized authorization to redeem the property identified in the receipt, or a person identified in writing by the pledgor at the time of the initial transaction and signed by the pledgor. Written authorization for release of property to persons other than the original pledgor must be maintained along with the original transaction record.”
(4) A blank line for the pledgor's signature.
(D) Every pawnbroker shall make available to the Police Department, every day, before the hour of 12:00 noon, a complete, legible, and correct copy of the records required by this chapter for all transactions which occurred on the previous day. The records required herein shall be kept at the licensee’s place of business for three years, and shall be made available for police inspections at any reasonable time.
(E) For the following items, regardless of resale price, a pawnbroker must make out, on forms approved by the Police Department, and send daily to the Police Department, a legible description of the goods received during the preceding day, together with the time received and description of the person from whom the goods were received:
(1) Items with serial identification or operation identification symbols;
(2) Cameras;
(3) Electronic audio or video equipment;
(4) Precious jewelry or gems, and precious metals;
(5) Artist-signed or artist-attributed works of art;
(6) Guns and firearms; and
(7) Items not included in the above, except furniture and kitchen or laundry appliances, which the pawnbroker intends to sell for more than $200.
(F) Every pawnbroker shall post signage in at least one location in the business premises with the size of the sign being not less than four square feet in surface area and the lettering on the sign being in bold and capitalized letters not less than 3/4 of an inch in height, posted in a conspicuous place clearly visible to any person seeking to pawn, pledge, sell, leave, or deposit an article or articles of property with the pawnbroker, stating the following:
TO PAWN OR SELL PROPERTY: YOU MUST BE AT LEAST EIGHTEEN (18) YEARS OF AGE; YOU MUST BE THE TRUE OWNER OF THE PROPERTY; YOU CANNOT PAWN OR SELL ANY PROPERTY FOR ANOTHER PERSON; THE PROPERTY MUST BE FREE AND CLEAR OF ALL CLAIMS AND LIENS; YOU MUST PRESENT VALID PHOTO IDENTIFICATION; AND YOU MUST SIGN A STATEMENT THAT THE PROPERTY IS NOT STOLEN OR SUBJECT TO ANY CLAIMS OR LIENS. VIOLATION OF ANY OF THESE REQUIREMENTS IS A CRIME.
(1997 Code, § 32.12) (Am. Ord. 2011-2, passed 3-28-2011; Am. Ord. 2012-6, passed 5-14-2012; Am. Ord. 2015-5, passed 12-14-2015) Penalty, see § 10.99