No person shall carry on the business of collateral
loan broker within the city without first obtaining a license from
the City Clerk.
Any person desiring to procure a license as
herein provided shall file with the City Clerk a written application
upon a form furnished by the city, and shall file at the same time
satisfactory proof of good character. Such application shall state
the name of the applicant, his or her place of residence for a period
of five years prior to the date of the application, and shall contain
such other information as the City Clerk may require to determine
the qualifications of the applicant.
The license fee shall be as set forth from time
to time by the City Council.
A license issued hereunder shall not be assignable.
Any holder of such license who permits it to be used by any other
person, and any person who uses such license granted to any other
person, shall each be guilty of a violation of this article.
A license issued hereunder shall expire one
year from its date of issuance.
Every license issued hereunder may be revoked or suspended by the City Clerk as provided in §
184-2 of Ch.
184, Licensing.
No applicant to whom a license has been refused
or who has had a license which has been revoked shall make further
application until a period of at least six months shall have elapsed
since the last previous rejection or revocation, unless he or she
can show that the reason for such rejection or revocation no longer
exists.
Every collateral loan broker shall keep a record
of the names and addresses of the customers, date of transaction,
amount loaned and description of the articles upon which a loan is
made, which record shall be kept open to the inspection of any police
officer of the city.