A pawnbroker is any person, firm, or corporation engaged in the business of lending money secured by taking possession of personal property, with the right to sell the property if it is not redeemed. A person, firm, or corporation shall be deemed to be a pawnbroker whether the transaction takes the form of a loan by the pawnbroker secured by the property, or a sale to the pawnbroker with the right to repurchase within a stated period of time.
(S.G.C. 6.20.010; Ord. 97-1420 § 4, 1997)