A. PAWNBROKER(1) (2) (3) PLEDGE THIEF
The following terms shall be defined as follows unless the context clearly dictates otherwise:
Includes any person who:
Engages in the business of lending money on the deposit or pledge of personal property other than choses in action, securities or written evidence of indebtedness;[1]
Purchases personal property with an express or implied agreement or understanding to sell it back at a subsequent time at a stipulated price; and/or
Lends money for goods, wares or merchandise pledged, stored or deposited as collateral security.
An article or articles deposited with a pawnbroker as security for a loan issued in the course of business as a pawnbroker.
Includes any person who, to the knowledge of the subject merchant:
B.
Each and every pawnbroker shall keep a book legibly written in the English language in which shall be recorded:
(1)
A full and accurate description of all articles purchased or left in pawn.
(2)
The date and time of pledging, pawning or purchasing the same.
(3)
The date and time within which such pawned or pledged article is to be redeemed.
(4)
The amount of money lent or paid therefor.
(5)
The description of the person or persons making a pledge, including such person's name, address, date of birth, sex, race, and vehicle operator's number.
C.
All pawnbrokers shall, daily before 12:00 p.m. of the following day of business, provide a written report to the Bureau of Police containing a complete description of all articles received in the course of pawnbroking business during the previous business day, together with the number of ticket(s) and a description of the person(s) making each such sale, including such person's name, address, date of birth, race, sex, and vehicle operator's number. Forms for this purpose are to be provided by the Bureau of Police.
D.
A pawnbroker shall not accept a pledge from a person under the age of 18 years nor from any intoxicated person or any known thief.
E.
No pawnbroker shall sell or dispose of in any way to any person any article received in the course of business except as provided by state law, nor until seven days have elapsed from the time of furnishing to the police a form containing the information on such articles as required by this section.