Village of Rockville Centre, NY
Nassau County
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Table of Contents
Table of Contents
[HISTORY: Adopted by the Board of Trustees of the Village of Rockville Centre 2-22-1971 by L.L. No. 1-1971 as Ch. 91 of the 1971 Code. Amendments noted where applicable.]
GENERAL REFERENCES
Amusement and gaming devices — See Ch. 84.
Auctioneers — See Ch. 90.
Secondhand automobile sales — See Ch.93.
Businesses — See Ch. 138.
Junk and secondhand dealers — See Ch. 215.
Licenses — See Ch. 222.
Peace and good order —  See Ch. 247.
Peddling and soliciting — See Ch. 250.
Special sales — See Ch. 265.

§ 244-1 License required. [1]

No person shall engage in business as a pawnbroker without first obtaining an annual license therefor.
[1]
Editor's Note: See Ch. 222, Licenses.

§ 244-2 Surety bond.

Every applicant hereunder shall file with the Village Clerk, prior to the delivery of a license, a surety bond executed by the person so licensed, and issued by an acceptable surety company, in form approved by the Village Counsel, in an amount of $2,500, conditioned for the faithful performance of the duties and obligations pertaining to the business so licensed, as set forth by ordinance and by the laws of the State of New York. Such bond shall provide that action thereon may be brought by any person to whom a judgment has been awarded because of loss caused by such licensee's fault or default.

§ 244-3 License fee.

[Amended 12-4-1972]
The fee for any license required by the provisions of this chapter shall be at the levels fixed from time to time by resolution of the Board of Trustees of the Village of Rockville Centre.

§ 244-4 Records to be kept; inspection of records.

A. 
Every such pawnbroker shall keep a book in which shall be fairly written, at the time of such loan, an account and description of the goods, articles or things pawned or pledged, the amount of money loaned thereon, the time of pledging the same, the rate of interest to be paid on such loan, and the name and residence of the person pawning or pledging the said goods, articles or things.
B. 
Such book shall at all reasonable times be open to the inspection of the Mayor, the Police Chief or any person who shall be duly authorized in writing for that purpose by any or either of them, and who shall exhibit such written authority to such pawnbroker.

§ 244-5 Interest rates.

No pawnbroker shall ask, demand or receive any greater rate of interest than 3% per month or any fraction of a month for the first six months, and 2% per month for each succeeding month, upon any loan not exceeding the sum of $100, or more than 2% for the first six months and 1% per month for each succeeding month on any loan exceeding the sum of $100.

§ 244-6 Auction of pledges.

A. 
No pawnbroker shall sell any pawn or pledge until the same shall have remained one year in his possession, and all such sales shall be at public auction and not otherwise and shall be conducted by an auctioneer licensed by the Village.
B. 
The surplus money, if any, arising from any such sale, after deducting the amount of the loan, the interest then due on the same and the expense of the advertisement and sale, shall be paid over by the pawnbroker to the person who would be entitled to redeem the pledge in case no such sale had taken place.