6.45 - Pawnbroker/Precious Metal Dealers § 6.45
Section 6.45: Pawnbrokers/Precious Metal
Dealers
Subdivision 1. Definitions
For the purpose of this Section, the following terms have the meanings stated:
A. Item Containing Precious Metal: means an item made in whole or part of
metal and containing more than one (1) percent by weight of silver, gold, or
platinum.
B. Minor: means any natural person under the age of eighteen (18) years.
C. Oversized items: means large items not normally found in retail stores such
as cars, boats and other motorized vehicles and equipment.
D. Pawnbroker: means a person who loans money on deposit or pledge of
personal property or other valuable thing; who deals in the purchasing of
personal property or other valuable thing on condition of selling that same
back again at a stipulated price; or who loans money secured by chattel
mortgage or on personal property, taking possession of the property or any
part thereof so mortgaged. To the extent that a pawnbroker business
includes buying personal property previously used, rented, or leased, the
provisions of this Section shall be applicable. Any bank, savings and loan
association, or credit union shall not be deemed a pawnbroker for purposes
of this Section. In addition, the following shall not be deemed a "pawnbroker"
for the purposes of this Section:
1. Person's transactions at occasional "garage", "yard" or "estate" sales;
2. Persons selling secondhand books, magazines, sound or video recordings
or films,
3. Persons conducting a bulk sale of property from a merchant,
manufacturer or wholesaler having an established place of business or of
goods sold at open sale from bankrupt stock.
E. Person: means one or more natural persons; a partnership, including a
limited partnership; a corporation, including a foreign, domestic, or nonprofit
corporation; a trust; a political subdivision of the state; or any other business
organization.
F. Precious Metal Dealer: means any person engaging in the business of
buying coins or secondhand items containing precious metal, including, but
not limited to, jewelry, watches, eating utensils, candlesticks, and religious
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and deeorative objects. Persons conducting the following transactions shall
not be deemed ta be Precious Metal Dealers:
1. Transactions at occasional "garage" or "yard" sales, or estate sales or
farm auctions held at the decedent's residence, except that precious
metal dealers must comply with the requirements of Minnesota Statutes,
Sections 325F.734 to 3Z5F.742, for these transactions.
2. Transactions regulated by Minnesota Statutes, Section 80A.
3. Transactions regulated by the Federal Commodity Futures Commission
Act.
4. Transactions involving the purchase of precious metal grindings, filings,
slag, sweeps, scraps, or dust from an industrial manufacturer, dental lab,
dentist, or agent thereof.
5. Transactions involving the purchase of photographic film, such as
lithographic and X-ray film, or silver residue or flake recovered in
lithographic and X-ray film processing.
6. Transactions involving coins, bullion, or ingots.
7. Transactions in which the secondhand item containing precious metal is
exchanged for a new item cantaining precious metal and the value of the
new item exceeds the value of the secondhand item, except that a person
who is a precious metal dealer by engaging in a transaction which is not
exempted by this Section must comply with the requirements of
Minnesota Statutes.
8. Transactions between precious metal dealers if both dealers are licensed
under Minnesota Statutes, Section 325F.733, or if the seller's business is
located outside of the state and the item is shipped from outside the state
to a dealer licensed under Minnesota Statutes, Section 325F.733.
9. Transactions in which the buyer of the secondhand item containing
precious metal is engaged primarily in the business of buying and selling
antiques, and the items are resold in an unaltered condition except for
repair, and the items are resold at retail, and the buyer paid less than
$2,500 for secondhand items containing precious metals purchased within
any period of twelve (12) consecutive month.
G. Precious Metals means silver, gold, or platinum.
H. Receive means to purchase, accept for sale on consignment or take in pawn
any secondhand goods.
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Subdivision 2. Purpose
The City Council finds that pawnbrokers and precious metal dealers potentially
provide an opportunity for the commission of crimes and their concealment because
such businesses have the ability to receive and transfer stolen property easily and
quickly. The City Council also finds that consumer protection regulation is
warranted in transactions involving pawnbrokers and precious metal dealers. The
purpose of this Section is therefore to prevent pawnbroking and precious metal
businesses from being used as facilities for commission of crimes and to assure that
such businesses comply with basic consumer protection standards, thereby
protecting the public health, safety, and general welfare of the citizens of the City.
Subdivision 3. License Required
It is unlawful for any person to exercise, carry on, or be engaged in the trade or
business of pawnbroker or precious metal dealer within the City unless such person
is currently licensed under this Section.
Subdivision 4. Application Content
In addition to any information that may be required by Hennepin County pursuant
to Minnesota Statute Section 471.924, every application for a license under this
Section shall be made on a form supplied by the City and shall contain all
information required by the City, including the following information:
A. If the applicant is a natural person:
1. The name, place and date of birth, street resident address, and phone
number of the applicant.
2. Whether the applicant is a citizen of the United States or a resident alien.
3. Whether the applicant has ever used or has been known by a name other
than the applicant's name, and if so, the name or names used and
information concerning dates and places where used.
4. The name of the business if it is to be conducted under a designation,
name, or style other than the name of the applicant and a certified copy
of the certificate as required by Minnesota Statutes, Section 333.01.
5. The street addresses at which the applicant has lived during the preceding
five (5) years.
6. The type, name, and location of every business or occupation in which the
applicant has been engaged during the preceding five (5) years and the
name(s) and address(es) of the applicant's employer(s) and partner(s), if
any, for the preceding five (5) years .
7. Whether the applicant has ever been convicted of a felony, crime, or
violation of any ordinance other than a traffic ordinance. If so, the
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§ 6.45
applicant shall furnish information as to the time, place, and offense for
which convictions were had.
8. The physical description of the applicant.
9. If the applicant is married:
a. The name, place and date of birth, and street address of the
applicant's current spouse.
b. The type, name, and location of every business or occupation in which
the applicant's current spouse has been engaged during the preceding
five (5) years.
c. The names and addresses of the employers or partners of the
applicant's current spouse for the preceding five (5) years.
d. Whether the applicant's current spouse has ever been convicted of any
felony, crime, or violation of any ordinance other than a traffic
ordinance. If so, the applicant shall furnish information as to the time,
place, and offense for which convictions were had.
B. If the applicant is a partnership:
1. The name(s) and address(es) of all general and limited partners and all
information concerning each general partner required in Subdivision 4(A)
of this Section.
2. The name(s) of the managing partner(s) and the interest of each partner
in the pawnbroker or precious metal dealer business.
3. A true copy of the partnership agreement shall be submitted with the
application. If the partnership is required to file a certificate as to a trade
name pursuant to Minnesota Statutes, Section 333.01, a certified copy of
such certificate shall be attached to the application.
C. If the applicant is a corporation or other organization:
1. The name of the corporation or business form, and if incorporated, the
state of incorporation.
2. A true copy of the Certificate of Incorporation, Articles of Incorporation or
Association Agreement, and by-laws shall be at�ached to the application.
If the applicant is a foreign corporation, a Certificate of Authority as
required by Minnesota Statutes, Section 303.06, shall be attached.
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3. The name of the manager(s), proprietor(s), or other agent(s) in charge of
the business and all information concerning each manager, proprietor, or
agent required in Subdivision 4(A) of this Section.
4. A list of all persons who cantrol or own an interest in excess of five (5)
percent in such organization or business form or who are officers and/or
directors of the corporation or business form and all information
concerning said persons required in Subdivision 4(A) of this Section.
D. For all applicants:
1. Whether the applicant holds a current pawnbroker, precious metal deaier,
or secondhand goods dealer license from any other governmental unit and
whether the applicant is licensed under either Minnesota Statutes, Section
471.924, or Minnesota Statutes, Section 32SF.731-325F.744.
2. Whether the applicant has previously been denied a pawnbroker, precious
metal dealer, or secondhand goods dealer license from any other
governmental unit.
3. The names, street resident addresses, and business addresses of three
(3) residents of Hennepin, Ramsey, Anoka, Carver, Dakota, Washington
or Scott County, who are of good moral character and who are not related
to the applicant or not holding any ownership in the premises or business,
who may be referred to as to the applicant's and or manager's character.
4. The location of the business premises.
5. The name and address of the owner of the premises to be licensed.
6. The legal description of the premises to be licensed.
7. Whether all real estate and personal property taxes that are due and
payable for the premises to be licensed have been paid, and if not paid,
the years and amounts that are unpaid.
8. Whenever the application is for premises either planned or under
construction or undergoing substantial alteration, the application shall be
accompanied by a set of preliminary plans showing the design of the
proposed premises to be licensed. If the plans or design are on file with
the City of Golden Valley Building and Inspection Division, no plans need
be submitted with the issuing authority.
9. Such other information as the City may require.
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Subdivision 5. Application Execution
All applications for a license under this Section shall be signed and sworn to. If the
application is that of a natural person, it shall be signed and sworn to by such
person; if that of a corporation, by an officer thereof; if that of a partnership, by
one of the general partners; and if that of an unincorporated association, by the
manager or managing officer thereof.
Subdivision 6. False Statements on Application
No person shall make any false statement or omission on any application or
supporting materials of any application. In addition to other penalties, any
falsification or omission may result in the denial of a license or the revocation of an
existing ficense by the City.
Subdivision 7. Application Verification
All applications shall be investigated by the Department of Public Safety of the City
for verification and investigation of the facts set forth in the application. A written
report and recommendation shall be made to the City Council as to issuance or
non-issuance of the license. The City Council may order and conduct such additional
investigation as it deems necessary.
Subdivision 8. Action on Application
A. Granting. The City Council shall conduct a hearing on the license application
within a reasonable period following receipt of the report and
recommendation regarding the application. At least ten (10) days in advance
of the City Council hearing on an application, the issuing authority shall
cause notice of the hearing to be published in the official newspaper of the
City, setting forth the day, time, and place of the hearing; the name of the
applicant; the premises where the business is to be conducted; and the type
of license which is sought. At the hearing, opportunity shall be given to any
person to be heard for or against the granting of the license. Additional
hearings on the application may be held if the City Council deems additional
hearings necessary. After the hearing or hearings on the application, the City
Council may, in its discretion, grant or deny the application.
B. Granting to Location Under Construction. If an application is granted for a
location where a building is under construction or not ready for occupancy,
the license shall not be delivered to the licensee until a certificate of
occupancy has been issued for the licensed premises.
Subdivision 9. Renewal Application
A. All licenses issued under this Section shall be effective for one (1) year from
the date of approval by the City Council. An application for the renewal of an
existing license shall be made prior to the expiration date of the license and
shall be made in such form as the City requires. If, in the judgment of the
City Council, good and sufficient cause is shown by an applicant for the
applicant's failure to submit a renewal application before the expiration of the
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§ 6.45
existing license, the City Council may, if the other provisions of this Section
are complied with, grant the renewal application.
B. A license under this Section will not be renewed:
1. If the City Council determines that the licensee has failed to comply with
the provisions of this Section in preceding license years.
2. If the licensee or, if the licensee does not manage the establishment, the
manager of the licensed premises is not a resident of Anoka, Carver,
Dakota, Hennepin, Ramsey, Scott, or Washington Counties on the date
the renewal takes effect.
3. If in the case of a partnership, the managing partner or other person who
manages the establishment is not a resident of Anoka, Carver, Dakota,
Hennepin, Ramsey, Scott, or Washington Counties on the date the
renewal takes effect.
4. If in the case of a corporation, or other organization, the manager, a
proprietor, or agent in charge of the establishment is not a resident of
Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, or Washington Counties
on the date the renewal takes effect.
C. The time for establishing residence in the counties named in Subdivision
(9)(B) may for good cause be extended by the City Council.
Subdivision 10. Fees/Bonds
A. Application Fee.
1. The license application and license renewal fee shall be fixed and
determined by the City Council, adopted by resolution, and uniformly
enforced. Such fee may, from time to time, be amended by the City
Council by resolution. A copy of the resolution shall be kept on file in the
office of the City Clerk and open to inspection during regular business
hours.
2. The license application fee shall be paid in full before the application for a
license shall be accepted. Upon rejection of any application for a license or
upon withdrawal of any application before City Council approval, the
license fee shall be refunded in full to the applicant except where rejection
is for a willful misstatement in the license application.
3. When the license is for premises where the building is not ready for
occupancy, the time fixed for computation of the license fee for the initial
license period shall be ninety (90) days after approval of the license by
the City Council or upon the date the building is ready for occupancy,
whichever is sooner.
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4. When a new license application is submitted as a result of incorporation
by an existing licensee and the ownership, control, and interest in the
license are unchanged, no additional fee shall be required.
B. Investigation Fee.
1. An applicant for any license under this Section shall deposit with the City
at the time an original application is submitted, one thousand five
hundred dollars ($1,500) to cover the costs involved in verifying the
license application and to cover the expense of any investigation needed
to assure compliance with this Section.
2. If the investigation and verification process is conducted solely within the
State of Minnesota, the fee shall be five hundred dollars ($500), and the
remainder of the deposit shall be returned to the applicant. If the
investigation and verification process is conducted outside the State of
Minnesota, the City may recover the actual investigation costs not
exceeding ten thousand dollars ($10,000). Any fee due in excess of the
one thousand five hundred dollars ($1,500) deposit must be paid to the
City prior to the license hearing and before the City Council shail consider
the application, but the City shall notify the applicant at the time the
investigation fee of one thousand five hundred dollars ($1,500) has been
expended and indicate the estimate of the fee for the remaining
investigation.
C. Bond. Before a license will be issued, every applicant must submit to the City
a five thousand dollar ($5,000) bond on the forms provided by the City. All
bonds shall be conditioned on the principal observing all laws in relation to
pawnbrokers or precious metal dealers, and will conduct business in
conformity thereto, and that the principal will account for and deliver to any
person legally entitled any goods which have come into the principal's hand
through the principal's business, or in lieu thereof, will pay the reasonable
value in money to the person. The bond shall also be conditioned on the
principal paying to the City, when due, all taxes, license fees, penalties and
other charges provided by law. The bond shall be kept in full force and effect
throughout the license period.
D. Refundment. A prorata share of a license fee may be refunded to the
licensee, or to the estate of a licensee if:
1. The business ceases to operate because of destruction or damage;
2. The licensee dies; or
3. The business ceases to be lawful for a reason other than a license
revocation or suspension.
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Subdivision li. Persons and Locations Ineligible for a License
A. No license under this Section shall be issued to an applicant who is a natural
person if such applicant:
1. Is a minor at the time the application is filed;
2. A person who has been convicted of any local, state, or federal law
relating to receiving stolen property, sale of stolen property or a
controlled substance, burglary, robbery, theft, damage or trespass to
property, or the violation of any law or ordinance regulating the business
of pawnbroker or secondhand goods dealer;
3. Is not a citizen of the United States or a resident alien;
4. Is not of good moral character or repute; or
5. A person who within seven (7) years of the license application date had a
pawnbroker or secondhand goods dealer license revoked.
B. No license under this Section shall be issued to an applicant that is a
partnership if such applicant has any general partner or managing partner:
l. Who is a minor at the time the application is filed;
2. A person who has been convicted of any local, state, or federal law
relating to receiving stolen property, sale of stolen property or a
controlled substance, burglary, robbery, theft, damage or trespass ta
property, or the violation of any law or ordinance regulating the business
of pawnbroker or secondhand goods dealer;
3. Who is not a citizen of the United States or a resident alien:
4. Who is not of good moral character or repute; or
5. A person who within seven (7) years of the license application date had a
pawnbroker or secondhand goods dealer license revoked.
C. No license under this Section shall be issued to an applicant that is a
corporation or other organization if such applicant has any manager,
proprietor, or agent in charge of the business to be licensed:
1. Who is a minor at the time the application is filed;
2. A person who has been convicted of any local, state, or federal law
relating to receiving stolen property, sale of stolen property or a
controlled substance, burglary, robbery, theft, damage or trespass to
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§ 6.45
property, or the violation of any law or ordinance regulating the business
of pawnbroker or secondhand goods dealer;
3. Who is not a citizen of the United States or a resident alien:
4. Who is not of good moral character or repute; or
5. A person who within seven (7) years of the license application date had a
pawnbroker or secondhand goods dealer license revoked.
D. The City may deny a license or renewal under this Section:
1. on any property on which taxes, assessments, or other financial claims of
the State, County, School District, or City are due, delinquent, or unpaid.
In the event a suit has been commenced under Minnesota Statutes
questioning the amount or validity of taxes, the City Council may an
application waive strict compliance with this provision; no waiver may be
granted, however, for taxes or any portion thereof which remain unpaid
for a period exceeding one (1) year after becoming due.
2. If the property on which the business is to be conducted is owned by a
person who is ineligible for a license under any of the requirements�in
Subdivision 11(A)-(C) of this Section.
E. No licenses shall be issued for multiple dealers at one location. Only one
dealer shall be allowed to operate out of any one location. All businesses
shall:
1. Have a single name and address;
2. Operate in a contiguous space;
3. Be under unified control and supervision of one person, partnership, firm
or corporation, which shall hold the license.
F. No license shall be issued if the proposed use is in conflict with City zoning,
health or building ordinances, or state law.
Subdivision 12. General License Restrictions
A. Record keeping.
1. At the time of receipt of an item of property, the pawnbroker or precious
metal dealer shall immediately record, using the English language, in an
indelible ink, in a bound book or journal, which has page numbers that
are preprinted, the following information:
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a. An accurate description of the item of property ineluding, but not
limited to, any trademark, identification number, serial number, model
number, brand name, or other identifying mark on such item;
b. The date and time the item of property was received by the
pawnbroker or precious metals dealer;
c. The name, address, and date of birth of the person from whom the
item of property was received;
d. The identification number from any of the following forms of
identification of the person from whom the item of property was
received:
1) valid picture driver's license;
2) valid state picture identification.
e. The price of the item paid by the pawnbroker or precious metal dealer,
and whether the item was purchased or pawned.
2. All sales shall be consummated at a central point or register, and the
owner shall maintain a comprehensive account of all sales.
B. Inspection of Records. The pawnbroker or precious metal dealer shall make
available the information required in subpart A of this Subdivision at all
reasonable times for inspection by the City. The information required in
subpart A of this Subdivision shall be retained by the pawnbroker or precious
metal dealer for at least five (5) years.
C. Items for Which Daily Reports to Police are Required. For the following items,
the pawnbroker or precious metal dealer shall legibly complete forms
approved by the City and send the forms daily to the City Police Department:
1. Any item with a serial number, identification number, or "Operation
Identification" number;
2. Cameras;
3. Electronic audio or video equipment;
4. Precious jewelry, gems, and metals including coins containing precious
metals;
5. Artist-signed or artist-attributed works of art;
6. Guns;
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7. Any item not included in (1) to (6) above, except furniture and kitchen or
laundry appliances, which the pawnbroker or precious metal dealer
intends to sell for more than two hundred dollars ($200).
Source: Ordinance No. 55, 2nd Series
Effecrive Date: 5-16-91
D. Daily Reports to Police. No later than 10 pm each business day, the licensee
must submit the information required under Subdivision 12(A) for each
reportable transaction occurring on that business day that is required by
Subdivision 12(C). The information must be transferred by electronic means
from the licensee's computer to an automated record system specified by the
police department. If the electronic system has technical difficulties, the
licensee shall have until twelve o'clock noon, the next following business day
to provide the required information in writing or on computer disc to the
police department, in addition the licensee shall correct the problems within
the system within one (1) business day after the failure, and shall re-submit
all transactions by electronic means when the problem is corrected.
Source: Ordinance No. 485, 2nd Series
Effective Date: 8-3-12
E. Stolen Goods. A licensed pawnbroker or precious metal dealer must report to
the police any article pledged or received, or sought to be pledged or
received, if the licensee has reason to believe that the article is stolen or lost.
F. Police Order to Hold Property. Whenever the City notifies the pawnbroker or
precious metal dealer not to sell an item, the item shall not be sold or
removed from the licensed premises until authorized ta be released by the
City.
G. Holding Period. Any item received by the pawnbroker or precious metals
dealer, for which a report to the City is required under Subdivision 12(C),
shall not be sold or otherwise transferred or in the case of jewelry and
precious metals, melted down or dismantled, for fourteen (14) days after the
date of such report to the City. However, an individual may redeem an item
pawned seventy-two (72) hours after the item was r�ceived on deposit by
the pawnbroker or precious metals dealer excluding Sundays and legal
holidays.
H. Receipt. The pawnbroker or precious metal dealer shall provide a receipt to
the seller or pledger of any item of property received, which shall include:
1. The name, address, and phone number of the pawnbroker or precious
metal dealer business;
2. The date on which the item was received by the pawnbroker or precious
metal dealer;
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§ 6.45
3. A description of the item received and amount paid to the pledger or
seller in exchange for the item pawned or sold;
4. The signature of the pawnbroker or precious metal dealer or agent;
5. The lasfi regular business day by which the item must be redeemed by the
pledger without risk that the item will be sold and the amount necessary
to redeem the pawned item on that date
6. The annual rate of interest charged on pawned items received;
7. The name and address of the seller or pledger.
I. Hours of aperation. No pawnbroker or precious metal dealer shall keep the
pawnbroker or precious metal dealer business open for the transaction of
business on any day of the week before 7 am or after 10 pm.
J. Minors. The pawnbroker or precious metal dealer shall not purchase or
receive personal property of any nature on deposit or pledge from any minor.
K. Inspection of Items. The pawnbroker or precious metal dealer shall, at all
times during the term of the license, allow the City Police Department or any
other City authority to enter the premises where the pawnbroker or precious
metals dealer business is located, for the purpose of inspecting such
premises and inspecting the items, ware and merchandise therein for the
purpose of locating items suspected or alleged to have been stolen or
otherwise improperly disposed of.
L. License Display. A license issued under this Section must be posted in a
conspicuous place in the premises for which it is used. The license issued is
only effective for the compact and contiguous space specified in the approved
license application.
M. Maintenance of Order. A licensee under this Section shall be responsible for
the conduct of the business being operated and shall maintain conditions of
order.
N. Gambling. No licensee under this Section may keep, possess, or operate, or
permit the keeping, possession, or operation on the licensed premises of
dice, slot machines, roulette wheels, punch boards, blackjack tables, or
pinball machines which return coins or slugs, chips, or tokens of any kind,
which are redeemable in merchandise or cash. No gambling equipment
authorized under Minnesota Statutes may be kept or operated and no raffies
may be conducted on the licensed premises and/or adjoining rooms. The
purchase of lottery tickets may take place on the licensed premises as
authorized by the director of the lottery pursuant to Minnesota Statutes.
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0. Prohibited Goods. No licensee under this Section shall accept any item of
property which contains an altered or obliterated serial number or "Operation
Identification" number or any item or property whose serial number has been
removed. In addition, no personal property shall be kept on the licensed
premises other than property entered in the book or journal pursuant to
Subdivision 12(A)(1) of this Section or store fixtures, equipment and supplies
reasonably necessary for the operation of the business.
P. Proper ldentification. A licensee under this Section shall not accept items of
property unless the seller or pledger provides to the pawnbroker or precious
metal dealer one of the following forms of identification:
1. A valid driver's license;
2. A Minnesota Identification Card.
No other forms of identification shall be accepted.
Q. Redemption Period. The date by which an item of property that has been
pawned must be redeemed by the piedger without risk that the itern will be
sold must be a day on which the pawnbroker or precious metal dealer is open
for regular business.
R. Oversized Items. All items must be stored within the licensed premises
building, except the City may permit the licensee to designate one locked
and secured warehouse building within the City within which the licensee
may store only cars, boats and other motorized vehicles. No item may be
stored in the designated warehouse building that is not reported in the
journal pursuant to Subdivision 12 hereof. The licensee shall permit
immediate inspection of the warehouse at any time during business hours by
the City and failure to do so is a violation of this Ordinance. Oversized items
may not be stared in parking lots or other outside areas. All provisions in this
Section regarding record keeping and reporting shall apply to oversized
items.
S. Off Site Sales/Storage. All items accepted by a licensee at a licensed location
in the City shall be for pledge or sale through a licensed location in the City.
No licensee under this Section shall sell any items which are transferred from
a non-licensed facility or a licensed facility outside the City.
Subdivision 13. Restrictions Regarding License Transfer
Each license under this Section shall be issued to the applicant only and shall not be
transferable to any other person. No licensee shall loan, sell, live or assign a license
to another person.
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Subdivision 14. Suspension or Revocation of License
A. The City Council may suspend or revoke a license issued under this Section
upon a finding of a violation of: 1) any of the provisions af this Section; 2)
any state statute regulating pawnbrokers or precious metal dealers; 3) any
state or local law relating to moral character and repute; or 4) any local,
state or federal law relating to receiving stolen property, sale of stolen
property or a controlled substance, burglary, robbery, theft, or damage or
trespass to property. Any conviction by the pawnbroker or precious metal
dealer for theft, receiving stolen property, or any other crime or violation
involving stolen property shall result in the immediate suspension pending a
hearing on revocation of any license issued hereunder.
B. Except in the case of a suspension pending a hearing on revocation, a
revocation or suspension by the City Council shall be preceded by written
notice to the licensee and a public hearing. The written notice shall give at
least eight (8) days' notice of the time and place of the hearing and shall
state the nature of the charges against the pawnbroker or precious metal
dealer. The Council may, without any notice, suspend any license pending a
hearing on revocation for a period not exceeding forty (40) days. The notice
may be served upon the pawnbroker or precious metal dealer by United
States mail addressed to the most recent address of the business in the
license application.
Subdivision 15. Prohibited Acts
No pawnbroker or precious metal dealer licensed under this Section shall:
A. Lend money on a pledge at a rate of interest above that allowed by law;
B. Possess stolen goods;
C. Sell pledged goods before the time to redeem has expired;
D. Refuse to disclose to the pledger, after having sold pledged goods, the
name of the purchaser or the price for which the item sold;
E. Make a loan on a pledge to a minor;
F. Purchase property from a minor.
Subdivision 16. Existing Pawnshops
Each pawnshop existing on the effective date of this ordinance shall conform to all
provisions of this Ordinance including, but not limited to, application for a license,
payment of the investigative fee, and post the requisite bond; provided, however,
that such existing pawnshop shall have one hundred twenty (120) days after the
effective date of this Ordinance to pay the license fee required by Subdivision
10(A)(1). If such existing pawnshop goes out of business on or before the
expiration of such one hundred twenty (120) day period, no fee shall be payable.
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§ 6.45
Subdivision 17. Violation a Misdemeanor
Every person who violates a section, subdivision, paragraph or provision of this
Chapter, when such person performs an act thereby prohibited or declared
unlawful, or fails to act when such failure is thereby prohibited or declared unlawful,
and upon conviction thereof, shall be punished as for a misdemeanor except as
otherwise stated in specific provisions hereof.
Source: Ordinance No. 65, Znd Series
Effective Date: 5-16-91
Golden Valley City Code Page 16 of 16