For the purposes of this Chapter the following terms shall be deemed to have the meaning indicated below:
- Any person engaged in the business of lending money on the security of pledged goods or engaged in the business of purchasing tangible personal property on condition that it may be redeemed or repurchased by the seller for a fixed price within a fixed period of time.
- The location at which or premises in which a pawnbroker regularly conducts business.
- An individual, partnership, corporation, joint venture, trust, association or any other legal entity however organized.
- PLEDGED GOODS
- Tangible personal property other than choses in action, securities, or printed evidences of indebtedness, which property is deposited with or otherwise actually delivered into the possession of a pawnbroker in the course of his/her business in connection with a pawn transaction.
- SECURED PERSONAL CREDIT LOAN
- Every loan of money made in this state, the payment of which is secured by a security interest in tangible personal property which is physically delivered into the hands of the lender at the time of the making of the loan and which is to be retained by the lender while the loan is a subsisting obligation.
[Ord. No. 2087 §§2 — 3, 10-17-1989]
It shall be the duty of any pawnbroker doing business in the City of Kennett, Missouri, to maintain records detailing any property pawned to them, purchased by them or sold by them. Such records shall include the name and address of the other party to any of the above transactions, what proof of identification was shown by such party, a detailed description of the property involved, including any serial or identification numbers of such item, and the amount paid, received or loaned for such item.
All records required by Subsection (A), hereinabove, shall be kept for a period of not less than three (3) years from the date of the transaction. Further, it shall be the duty of any pawnbroker to furnish a copy of such records or make such records available for inspection to any Police Officer of the City of Kennett or to any other duly commissioned Peace Officer in the performance of his/her duties.
[Ord. No. 2087 §4, 10-17-1989]
Any violation of the provisions of this Chapter shall be punishable by a fine of not more than five hundred dollars ($500.00) or a sentence of not more than thirty (30) days in jail or by both such fine and jail sentence. Each act or omission in violation of this Chapter shall be punishable separately.