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have had any interest therein, when such person is accompanied by a <br /> police officer <br /> J. Pawning of Motor Vehicle Titles. <br /> (1) In addition to the other requirements of state law, a pawnbroker who holds <br /> a title to a motor vehicle as part of a pawn transaction shall, pursuant to <br /> Minnesota Statutes, Section 325J.095: <br /> (a) be licensed as a used motor vehicle dealer under Minnesota <br /> Statutes, Section 168.27, and post such license on the pawnshop <br /> premises; <br /> (b) verify that there are no liens or encumbrances against the motor <br /> vehicle with the department of public safety; <br /> (c) verify that the pledgor has automobile insurance on the motor <br /> vehicle as required by law. <br /> (d) A pawnbroker may not sell a motor vehicle covered by a pawn <br /> transaction until ninety(90) days after recovery of the motor <br /> vehicle. <br /> (2) A pawn transaction that involves holding only the title to property is <br /> subject to Minnesota Statutes, Chapter 1.68A or 336. <br /> K. Label Required. Licensees must attach a label to every item at the time it is <br /> pawned, purchased or received in inventory from any reportable transaction. Permanently <br /> recorded on this label must be the number or name that identifies the transaction in the shop's <br /> records, the transaction date, the name of the item and the description or the model and serial <br /> number of the item as reported to the police department, whichever is applicable, and the date the <br /> item is out of pawn or can be sold, if applicable. Labels shall not be re-used. <br /> L. Firearms and WeLapons. A pawnbroker may not receive, display or sell any <br /> merchandise through a pawn, purchase, or consigmnent or trade consisting of a revolver, pistol, <br /> shotgun, automatic rifle, switchblade knife, or other similar weapons or firearms. <br /> M. Risk of Loss. In the event pledged goods are lost or damaged while in possession <br /> of the pawnbroker, the pawnbroker shall compensate the pledgor, in cash or replacement of <br /> goods acceptable to the pledgor, for the fair market value of the lost or damaged goods. Proof of <br /> compensation shall be a defense to any prosecution or civil action. <br /> N. License DisWa . A license issued under this Section must be posted in a <br /> conspicuous place in the premises for which it is used. The license issued is only effective for <br /> the compact and contiguous space specified in the approved license application. <br /> 0. Responsibilily of Licensee. A licensee under this Section shall be responsible for <br /> the conduct of the business being operated and shall maintain conditions of order. The conduct of <br /> 15 <br />