(a) Any pawnbroker, owner, agent, or employee shall retain such item(s) until the expiration of 72 hours after the pledge is made and shall retain any item(s) purchased until the expiration of 15 days after the purchase is made. The pawnbroker, owner, agent, or employee may dispose of such item(s) sooner with the written permission of the Chief of Police of the City. If the Chief of Police of the City has probable cause to believe that the item(s) described in the Daily List provided for under this chapter is stolen property, the Chief of Police shall notify the pawnbroker, owner, agent, or employee in writing and, upon receipt of such notice, the pawnbroker, owner, agent, or employee shall retain such item(s) until the expiration of 30 days after the day on which the pawnbroker, owner, agent, or employee is first required to make available the information required in the Daily List provided for under this chapter, unless the Chief of Police notifies the pawnbroker, owner, agent, or employee in writing that retention is not required until such expiration. Until the expiration of the applicable expiration period, all such property shall be retained in an unaltered condition at the local store or warehouse in the City.
(b) No pawnbroker shall employ or use in his business any receipt, ticket, contract, or other form of notice, containing a clause or textual provision purporting to create a lesser retention period than is required by this chapter.
(Ord. 345-08. Passed 1-5-09.)