10.06 - Pawnbroker License - Laserfiche WebLink

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Subd. 5. A schedule of charges permitted by this Ordinance and M.S. §325J.07, shall be posted on the pawnshop premises in a place clearly visible to the general public. SECTION Ub RISK OF LOSS Any person to whom the receipt for pledged goods was issued, or any person identified in a written and notarized authorization to redeem the pledged goods identified in the receipt, or any person identified in writing by the pledgor at the time of the initial transaction and signed by the pledgor shall be entitled to redeem or repurchase the pledged goods described on the ticket. In the event the goods are lost or damaged while in possession of the pawnbroker,the pawnbroker shall compensate the pledgor, in cash or replacement goods acceptable to the pledgor, for the fair market value of the lost or damaged goods. Proof of compensation shall be a defense to any prosecution or civil action. SECTION 441S PAWNSHOP LOCATIONAND HOURS OF OPERATION Subd. 1. No pawnshop shall be located within ten driving miles of any gambling casino. No pawnshop, lawfully operating as of the date of the enactment of this M.S.§ 325J, shall be required to relocate or close as a result of this Ordinance. Subd. 2. No pawnshop shall be opened for the transaction of business on any day of the week before 7:00 a..m., or after 10:00 p.m., and shall nab be open for the transaction of business on Sunday. Subd. 3. A license issued under this Ordinance must be posted in a conspicuous place in the premises for which it is issued. The license issued is only effective for the compact and contiguous space specified in the approved license application. Subd. 4. A licensee under this subdivision shall be responsible for the conduct of the business being operated and shall maintain conditions of order. SECTION 43 it MISCELLANEOUS Subd. 1 .-In addition to the other requirements of this Ordinance, a pawnbroker who holds the title to a motor vehicle as part of a pawn transaction shall: 1. Be licensed as a used motor vehicle dealer under M.S. § 168.27 and post such license on the pawnshop premises. 2. Verify that there are no liens or encumbrances against the motor vehicle with the Department of Public Safety. 3. Verify that the pledgor has automobile insurance on the motor vehicle as required by law. Pawnbrokers shall not sell a motor vehicle covered by a pawn transaction until 90 days after recovery of the motor vehicle. Subd. 2. No licensee under this Ordinance shall accept any item of property which contains an altered or obliterated serial number or "operation identification" number or any item of property whose serial Page 8