§ 116.004 TRADES AGAINST NEW, UNUSED ITEMS WITH HIGHER FAIR MARKET VALUE.

   The provisions of this chapter do not apply to any transaction in which a person, firm or company sells new, unused articles, not previously sold at retail, and receives or takes in used articles or trade from purchasers of the new articles against the purchase price of the new articles which are sold for their fair market value which is of higher value than the used or traded article.

(1957 Rev. Ords., § 9.1102; 1992 Code, § 28-4) (Ord. 45-94, passed 5-23-1994; Ord. 54-11, passed 7-18-2011)

§ 116.005 CONSIGNED GOODS.

   The provisions of this chapter do not apply to any transaction involving goods sold on consignment to the extent of that transaction that pertains to those consigned goods so long as the sale of consigned goods constitutes more than 50% of the gross business transacted by that establishment.

(1992 Code, § 28-5) (Ord. 23-81, passed 3-16-1981; Ord. 54-11, passed 7-18-2011)

PAWNBROKERS, SECONDHAND GOODS DEALERS, AND DEALERS IN PRECIOUS METALS AND PRECIOUS GEMS

§ 116.020 RECORDS REQUIRED.

   (a)   All pawnbrokers, secondhand goods dealers, and dealers in precious metals or precious gems within the city shall keep a record in English of all loans made, of all articles received by them as security, on consignment or by purchase, and of all other transactions where an item is received for value by the regulated business, and shall make and maintain, in a manner prescribed or approved by the chief of police, a record of all regulated transactions. The records are to be completed at the time the regulated transaction takes place.

   (b)   The records shall specifically identify each article purchased or received, and if available, the manufacturer’s name, style, model number, serial number, engraved initials, and other identifying marks except that coins may be described only by the number of each denomination and face type purchased. The record shall also include the date of purchase, the amount paid for the article, the name and address of the person from whom the article was purchased or received, and the person’s non-expired driver’s license number and state of issuance, or if unavailable, the identifying number from at least one form of non-expired government-issued identification, and any other information required by the chief of police.

   (c)    A copy of the records required shall be provided in the manner prescribed by the chief of police into the possession of the chief of police within seven days from the date of purchase or receipt.

(1992 Code, § 28-15) (Ord. 23-81, passed 3-16-1981; Ord. 54-11, passed 7-18-2011; Ord. 67-19, passed 6-18-2019)

§ 116.021 ACCESS TO RECORDS.

   All records required shall be maintained for at least one year after the date of purchase or receipt and shall be open to inspection by a member of the property crimes section of the city police department or his or her supervisor. The inspections shall be for purposes of determining compliance with this chapter.

(1992 Code, § 28-16) (Ord. 23-81, passed 3-16-1981; Ord. 54-11, passed 7-18-2011)