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CC PACKET 06102003
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CC PACKET 06102003
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Last modified
12/30/2015 8:01:58 PM
Creation date
12/30/2015 8:01:47 PM
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SP Box #
29
SP Folder Name
CC PACKETS 2001-2004
SP Name
CC PACKET 06102003
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566.13. Restricted Transactions. <br /> A. Hours of Operation. No pawnbroker shall keep the pawnbroker business open for <br /> the transaction of business on any day of the week before 7:00 a.m. or after 10:00 p.m. <br /> B. Minors. A pawnbroker shall not purchase or receive personal property on deposit <br /> or pledge from any minor. <br /> C. Incompetent Persons. A pawnbroker shall not purchase or receive personal property <br /> on deposit or pledge from any incompetent person. <br /> D. Prohibited Goods. No licensee under this Section shall accept any item of property <br /> which contains an altered or obliterated serial number or"Operation Identification" number or any <br /> item of property whose serial number has been removed. <br /> E. Security Interest. No licensee nor any agent or employee of a licensee shall <br /> purchase, accept, or receive any article of property knowing,or having reason to know,that the <br /> article of property is encumbered by a security interest. For the purpose of this Section, "security <br /> interest'means an interest in property which secures payment or other performance of an <br /> obligation. <br /> F. True Owner. No licensee nor any agent or employee of a licensee shall purchase, <br /> accept,or receive any article of property, from any person,knowing, or having reason to know,that <br /> said person is not the true and convect owner of the property. <br /> G. Proper Identification. No licensee nor any agent or employee of a licensee shall <br /> purchase, accept,or receive any article of property, from any person,without first having examined <br /> an acceptable form of identification. <br /> H. Payment by Check: Payment of more than Two Hundred Fifty Dollars ($250.00)by <br /> a licensee for any article deposited, left,purchased,pledged or pawned shall be made only by a <br /> check, draft, or other negotiable or non-negotiable instrument which is drawn against funds held by <br /> a financial institution. This policy must be posted in a conspicuous place in the premises. <br /> I. Restrictions on Sale. A pawnbroker shall suspend for one (1) year, any business <br /> transaction with any person who has sold and/or forfeited on six (6)previous occasions articles for <br /> which the person received$5o.00 or more per transaction within a single six (6)month period. <br /> 566.14. Inspection by Police. <br /> A. Premises. Any licensee shall, at all times during the term of the license, allow the <br /> Police Department to enter the premises,where the licensee is carrying on business, including all <br /> off-site storage facilities as authorized in Section 566.12)(8), during normal business hours, except <br /> in an emergency, for the purpose of inspecting such premises and inspecting the articles and records <br /> therein to locate goods suspected or alleged to have been stolen and to verify compliance with this <br /> Section or other applicable laws. No licensee shall conceal any article in his possession from the <br /> Police Department. <br /> 19 <br />
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