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Ordinance 712
<br />Page 3
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<br />Pp,�lN�ROKER° A person er�qaqed �r� �vhoi� or ir� pari in fihe ��s's�ae�s mf lendi�g
<br />mor�e a� the �ecurit of led ed oods left 'rn awn or �r� the busine�� of urcl�asin
<br />4ar�c�ible personai �ropertv to be I�fi �� pavvn or� the concfition that ifi m� be redeer�aec!
<br />or re�urchased bv the �eiter for a fixed price within a fix�d period of time. The
<br />followin� are exempi from fih� ciefinitio� of "pa�vnbroker°': ar� bank re ulated b the
<br />�ta�� of IVlir�ne�ofa the com �roller of the currenc of �he United Sta#es the Federa8
<br />De osit Ins�rar�ce Cor oraiion the board of overnors of the Federal Reserve s s�err�
<br />ar anv oti�er fecler�l or �taie authori#v arod their affiliatesq anv bank or savine�� a�d loar�
<br />�whose de[oosi�s or accoursf� are e6iqible for ir�surance by the Federal D�posii Ir�surar�ce
<br />Corpo�afior� or any s�ccessor fio it anci ali affili�t�� of '�hose b�nks ar�d. savinq� and
<br />loara as�ociatEOns° an siafie orfederafl ch�rtered cr°edit ur�ion• ar� ind€a��ria� loan and
<br />thrift companv or requlated I�r�der �ubject to Bice�sinq and requtaf6on bv th�
<br />departrrteni off comrnerce.
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