(A) Every pawnbroker shall keep consecutively numbered records of each pawn transaction. The records shall correspond in all essential particulars to a detachable pawn ticket or copy thereof attached to the record.
(B) The pawnbroker shall, at the time of making the pawn or purchase transaction, enter upon the pawn ticket a record of the following information which shall be typed or written in ink and in the English language:
(1) A clear and accurate description of the property, including model and serial number if indicated on the property;
(2) The name, residence address, phone number and date of birth of the pledger;
(3) The date of the transaction;
(4) The type of identification and identification number accepted from pledger;
(5) Physical description of the pledger;
(6) The amount of money advanced;
(7) The date and the amount due;
(8) All monthly pawn charges, including interest, annual percentage rate on interest and total recovery fee; and
(9) Agreed upon stated value between the pledger and the pawnbroker in case of loss or destruction of pledged item. Unless otherwise noted the stated value is the same as the loan value.
(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 60 days past maturity date of the original contract. No further notice is necessary.”;
(2) The statement that “The pledger of this item attests that it is not stolen, has no liens or encumbrances, and is pledger’s to sell or to pawn.”;
(3) The statement that “The item pawned is redeemable only by the bearer of this ticket or by identification of the person making the pawn.”; and/or
(4) A blank line for the pledger’s signature or initials.
(D) (1) The pledger shall sign the pawn ticket and shall receive an exact copy of the pawn ticket, which shall be signed or initialed by the pawnbroker or an employee of the pawnbroker. The pawn ticket shall be available for inspection each regular workday by the Sheriff’s Department.
(2) Upon request of the Sheriff’s Department, a pawnbroker shall mail or hand deliver an exact copy of the pawn ticket to the Sheriff’s Department within 24 hours of the request. Otherwise, the pawnbroker shall daily mail or hand deliver to the Sheriff’s Department a computer printout which shall include information as provided by division (B) above.
(E) Except as otherwise provided in this section any person presenting a pawn ticket for redemption is presumed to be entitled to redeem the property described by the ticket.
(F) Any item purchased from an individual for the purpose of resale whereby the seller no longer has a vested interest in the item shall not be resold by the pawnbroker for a period of three days following purchase of the item.
(Ord. passed 4-17-2000) Penalty, see § 110.99