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04-02-2003
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04-02-2003
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9/4/2018 6:39:07 AM
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MV City Council
City Council Document Type
City Council Packets
Date
4/2/2003
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Ordinance <br />Page 10 <br /> <br />d. If a licensee is unable to capture, digitize or transmit digital photographs <br />required by this chapter, the licensee must immediately take all required <br />photographs with a still camera, cross reference the photographs to the correct <br />transaction, and make the pictures available to the police department upon <br />request. <br />e. Regardless of the cause or origin of the technical problems that prevented <br />the licensee from uploading their reportable transactions, upon correction of <br />the problem, the licensee shall upload every reportable transaction from every <br />business day the problem had existed. <br />f. The police department may at their discretion, upon presentation of <br />extenuating circumstances by the licensee, delay the implementation of the <br />daily reporting penalty imposed by this section. <br />Subd. 6. Police Order To Hold Property: Whenever the police department notifies the <br />pawnbroker not to sell an item, the item shall not be sold or removed from the <br />licensed premises until authorized to be released by the police department. <br />Subd. 7. Holding Period Of Pawnbrokers: Any item sold or pawned to a pawnbroker <br />for which a report to the police is required under this chapter shall not be sold <br />or otherwise transferred for sixty (60) days after the date of the sale or pawn. <br />However, an individual may redeem an item pawned seventy two (72) hours <br />after the item was received on deposit by the pawnbroker, excluding Sundays <br />and legal holidays. <br />Subd. 8. Receipt: The pawnbroker shall provide a receipt to the seller or pledger of <br />any item of property received, which shall include: <br />a. The name, address and phone number of the pawnbroker or precious metal <br />dealer business. <br />b. The date on which the pawnbroker or precious metal dealer received the <br />item. <br />c. A description of the item received and amount paid to the pledger or seller in <br />exchange for the item pawned or sold. <br />d. The signature of the pawnbroker or precious metal dealer or agent. <br />e. The last regular business day by which the item must be redeemed by the <br />pledger without risk that the item will be sold and the amount necessary to <br />redeem the pawned item on that date. <br />f. The annual rate of interest charged on pawned items received. <br />g. The name, address, and signature of the seller or pledger.
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