Title to the item pledged or pawned vests in the pawnbroker upon the expiration of three months or of any period beyond three months agreed upon by the parties if the borrower has not paid the debt, interest and charges on the item pledged or pawned. A pawnbroker shall not sell any pawn or pledge until the item has remained in his possession for at least three months. Thereafter, disposition of such item pawned or pledged shall be pursuant to applicable State law.
(Ord. 2008-02. Passed 6-3-08.)