[HISTORY: Adopted by the City Council of the City of Quincy 5-17-1993 as Ch. 5.32 of the 1993 Code. Amendments noted where applicable.]
GENERAL REFERENCES
Junk and secondhand dealers — See Ch. 189.
Precious metal dealers — See Ch. 240.
A. 
License required. No person shall carry on the business of a pawnbroker unless he is duly licensed therefor by the Board of Licensing Commissioners.
B. 
Premises designated. All licenses issued under the provisions of this chapter shall designate the place where the person licensed may carry on his business, and he shall not engage in or carry on his business in any place other than the one so designated.
C. 
Fee. The fee for a pawnbroker's license shall be $100.
[Amended by Order No. 95-084]
D. 
Bond. The licensee shall, at the time of receiving such license, file with the Board of Licensing Commissioners a bond to such City, in the sum of $300, with two sureties approved by such Board, and conditioned for the faithful performance of the duties and obligations pertaining to the business so licensed.
[Added 6-1-2020 by Order No. 2020-012]
E. 
Revocation. Any license granted under this chapter may be revoked at any time by the Board of Licensing Commissioners.
F. 
Expiration. Unless otherwise stated in this chapter, licenses shall expire on December 31.
Every pawnbroker shall keep a book in which shall be written, at the time of receiving any article as a pawn or pledge or purchasing any article, a description of the same and the name, age and residence of the person from whom, and the day and hour when, he received or purchased it. Such book shall at all times be open for the inspection of the Mayor, the City Council or any person authorized by them to make such inspection and members of the Police Department.
No person licensed under the provisions of this chapter shall, directly or indirectly, receive any article in pawn or purchase any article of any minor, knowing or having cause to believe him to be such.
All articles received in pawn or purchased may be examined by the Mayor or Chief of Police or any person authorized by them to make such examination at all times.
Every licensed pawnbroker shall make out and deliver to the Chief of Police every day, Sundays and holidays excepted, before 10:00 a.m., a legible and correct list containing an accurate description of all articles taken during the preceding 24 hours, the amount loaned thereon and the time such articles were pawned.
A. 
Licensed pawnbrokers may charge the following rates of interest:
[Amended 6-1-2020 by Order No. 2020-012]
(1) 
Over $25 to $100: 3% per month.
(2) 
Over $100: 2% per month.
B. 
No pawnbroker shall charge or receive any greater rate of interest than set forth in this section.