No secondhand or scrap dealer shall loan money on deposit, or pledge of any personal property, or other valuable thing on condition of selling the same back again at a stipulated price, without obtaining a pawnbroker’s license pursuant to the Pawnbrokers Act, being M.C.L.A. §§ 446.201 et seq. and this subchapter.
(Prior Code, § 40-83) (Ord. 1394, passed 2-10-2014; Ord. 1477, passed 6-17-2019)