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CC PACKET 06242003
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CC PACKET 06242003
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Last modified
12/30/2015 8:01:44 PM
Creation date
12/30/2015 8:01:31 PM
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SP Box #
29
SP Folder Name
CC PACKETS 2001-2004
SP Name
CC PACKET 06242003
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PAWNSHOP: Any business or establishment used or operated by a pawnbroker. <br /> PERSON: Any one or more natural persons; a partnership, including a limited <br /> partnership; a corporation, including a foreign, domestic, or nonprofit <br /> corporation; a trust; a political subdivision of the state; or any other <br /> business organization. <br /> REPORTABLE Every transaction conducted by a pawnbroker in which merchandise <br /> TRANSACTION: is received through a pawn,purchase, consignment or trade,or in <br /> which a pawn is renewed, extended,redeemed or voided, or for <br /> which a unique transaction number or identifier is generated by their <br /> point of sale software, or when an item is confiscated by a law <br /> enforcement agency, is a reportable transaction except: <br /> (a) The bulk purchase or consignment of new or used <br /> merchandise from a merchant,manufacturer,or wholesaler <br /> having an established permanent place of business, and the <br /> retail sale of said merchandise,provided the pawnbroker <br /> must maintain a record of such purchase or consignment <br /> which describes each item, and must mark each item in a <br /> manner which relates it to that transaction record. <br /> (b) Retail and wholesale sales of merchandise originally received <br /> by pawn or purchase, and for which all applicable hold <br /> and/or redemption periods have expired. <br /> UNIQUE IDENTIFIER: A serial number, identification number, model number, owner <br /> applied identifier or engraving, "Operation Identification" number <br /> or symbol, or other unique marking. <br /> 566.03. License Required. <br /> No person shall exercise,carry-on, or be engaged in the trade or business of pawnbroker <br /> within the City unless such person is currently licensed under this Section. <br /> 566.04. Application Content. <br /> In addition to any information that may be required by the County pursuant to Minnesota <br /> Statutes, Section 471.924, every application for a license under this Section shall be made on a form <br /> supplied by the City and shall contain the following information: <br /> A. If the applicant is a natural person: <br /> (1) The name,place, and date of birth, street resident address, and telephone <br /> number of the applicant; <br /> 3 <br />
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