Title 5 - Business Licenses and Regulations

5.52.100 Reporting, Holding Period.

1. A.
   On or before Tuesday of each week, every pawnbroker or precious metal dealer shall report in detail, the description of all properties received in pledge or purchased as a pawnbroker or precious metal dealer during the preceding calendar week and whatever quantity received. Such report shall include all property purchased as secondhand merchandise at wholesale, secondhand merchandise taken in for sale or possessed on consignment for sale and secondhand merchandise taken in trade. No such report need be made concerning property or merchandise acquired from another pawnbroker or precious metal dealer licensed in this state in a transaction involving the purchase or other acquisition from the other pawnbroker or precious metal dealer of the other pawnbroker's or dealer's stock in trade, or a substantial part thereof in bulk, where the other pawnbroker or dealer has made the reports required by this section with respect to such property or merchandise. Such report shall be submitted to the Chief of Police.
2. B.
   All reports required to be submitted pursuant to this section shall contain the following information:

   1. 1.
      Date of the purchase;
   2. 2.
      Name, date of birth, residence, and driver's license number of the seller;
   3. 3.
      A clearly legible, detailed and accurate description of each item purchased. Such description shall include but not be limited to the following information:

      1. a.
         Type of precious metal purchased;
      2. b.
         Weight of the metal, in either pennyweight, grams or ounces,
      3. c.
         A description of any precious stones contained within the item purchased including type of stone, carat size and color,
      4. d.
         Any identifying letters, numbers, marks or writing on the item,
      5. e.
         Size of any ring purchased,
      6. f.
         Any brand names or pattern names.
3. C.
   Every precious metal dealer shall retain in the dealer's possession for a period of 10 days all precious metal purchased as a precious metal dealer, and such metal shall remain in the condition in which it was purchased. The 10-day period shall commence on the date the Chief of Police receives the report of its acquisition in compliance with this section. If the Chief of Police has probable cause to believe that any precious metal reported by a dealer has been stolen, the Chief of Police may give written notice to the dealer to retain such metal for an additional period of 15 days. Upon such notice the dealer shall retain such metal in an unaltered condition for the additional 15-day period unless the Chief of Police notifies the dealer in writing that the waiting period is terminated at an earlier time.
4. D.
   Reports made pursuant to this section shall be available for inspection only by law enforcement officers, district and city attorneys and their employees for law enforcement purposes.

(History: Ord. PB-1123 §5, 82; PB-712 §10, 72)

Effective on: 1/1/1901