Pursuant to Article 5 of the General Business Law of the State of New
York, no person shall conduct the business of collateral loan broker in the
City of Auburn without a license issued by the City Manager. The title "pawnbroker"
shall be used exclusively by a collateral loan broker.
An action on the bond may be instituted by any person aggrieved pursuant
to General Business Law § 42.
A collateral loan broker shall comply with all the provisions of Article
5 of the General Business Law, in particular §§ 43 through
53 of said article, as well as all rules and regulations promulgated by the
State Comptroller pursuant to General Business Law § 55.
Pursuant to General Business Law § 51, the City Manager shall have full power and authority after a hearing to impose fines and penalties of not less than $25 nor more than $100 upon persons offending against any of the provisions of said Article 5, §§ 42 through 50, and may also suspend or revoke the license of the collateral loan broker willfully violating any of the aforesaid provisions. The procedures set forth in Chapter
200, Licensing, of this Code shall apply.
Except as otherwise provided in this chapter or other applicable law, a violation of any provision of this chapter shall be punished as provided in Chapter
1, §
1-18 of this Municipal Code.