[R.O. 1997 § 610.010]
For the purposes of this Chapter the following terms shall be
deemed to have the meaning indicated below:
PAWNBROKER
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.
PAWNSHOP
The location at which or premises in which a pawnbroker regularly
conducts business.
PERSON
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.