16-706. Definitions. As used in this act: (a) (1) “Pawnbroker” means any person who loans money on deposit or pledge of personal property or other valuable thing, other than intangible personal property, or who deals in the purchase of personal property on the condition of selling the same back again at a stipulated price. (2) […]
16-707. Licensure; application; fee. (a) No person shall engage or continue in business as a pawnbroker or precious metal dealer without first obtaining a license therefor. If the person’s place of business is inside the corporate limits of any city of the first or second class, the person shall obtain such license from the clerk […]
16-708. Same; qualifications. No license or any renewal thereof shall be granted to: (a) Any person who is not a citizen of the United States; (b) Any person who has not been an actual resident of the state of Kansas for at least two (2) years immediately preceding the date of his application; (c) Any […]
16-709. Transfer of stock by stockholder of corporate licensee; effect. It shall be unlawful for any shareholder of a corporate licensee to transfer any stock in said corporation to any person who would be ineligible to receive a license as an individual, and any such transfer shall be null and void: Provided, That if any […]
16-710. License; contents; display; license for each place of business. The document or other instrument evidencing the license of a pawnbroker or precious metal dealer shall state the address at which the business is to be conducted and shall state fully the name of the licensee. If the licensee is a partnership, the license shall […]
16-711. Change in location of place of business; notice; duplicate license; restrictions. Whenever a licensee shall change his place of business to another location within the same political subdivision by which he is licensed, he immediately shall give written notice thereof to the clerk of such subdivision who then shall issue a duplicate license which […]
16-712. Examination of books, accounts, records. Each licensee shall keep and use in the licensee’s business such books, accounts and records as will enable the city or county issuing the licensee’s license to determine whether such licensee is complying with the provisions of this act. Any such city or county may examine or cause to […]
16-713. Suspension or revocation of license; notice and hearing. Any license issued under this act may be suspended or revoked, after due notice and public hearing, if the licensee: (a) Has failed to pay the annual license fee; (b) has violated any provision of this act; or (c) has been convicted of or has pleaded […]
16-714. Loans secured by pledged goods; written contract required, contents; retention, disposition and redemption of pledged articles. Every loan made by a pawnbroker for which goods are received in pledge as security shall be evidenced by a written contract, in ink, a copy of which shall be furnished to the borrower. The loan contract shall […]
16-715. Report of property pledged or purchased; required holding period for precious metal purchased; report not open to public inspection. (a) On or before Tuesday of each week, or at more frequent intervals if required by city ordinance or county resolution, every pawnbroker or precious metal dealer shall report the description of all property received […]
16-716. Record of transactions. (a) At the time of making a loan, a pawnbroker shall enter in a book kept for that purpose: (1) The date, duration, amount and charges of every loan made by the pawnbroker; (2) a full and accurate description of the property pledged; and (3) the name, age, residence and driver’s […]
16-717. Minors; prohibited transactions. (a) No pawnbroker shall receive in pledge, or as security for any loan, transfer, service, undertaking or advantage, anything of value from any person under the age of 18 years. (b) No precious metal dealer shall purchase any precious metal from any person under the age of 18 years. History: L. […]
16-718. Periodic inspections to determine compliance with act. Law enforcement officers of a city or county shall have access during regular business hours to the place of business of any pawnbroker or precious metal dealer conducting business in the city or county. Access shall be for the purpose of periodically inspecting property pledged or purchased […]
16-719. Loans; interest and charges; amount; term. (a) No pawnbroker shall contract for, charge or receive directly or indirectly on or in connection with any pawnbroker transaction any charges, whether for interest, storage, insurance, service fee, handling, compensation, consideration or expense which in the aggregate are greater than the charges provided and authorized by this […]
16-720. Transactions in precious metals, requirements; refusal to redeliver stolen property to owner, effect. (a) A precious metal dealer shall require of every person from whom the dealer purchases precious metal for resale: (1) Proof of identification; and (2) a signed statement saying that the seller is the legal owner of the precious metal or […]
16-721. Penalty. The violation of any provision of this act shall be a class B misdemeanor. History: L. 1972, ch. 51, § 16; July 1.
16-722. Prosecution of violations. Whenever he has reason to believe a violation of this act has occurred, the county attorney or any of his deputies shall prosecute every case to final judgment in the county wherein the alleged offense was committed. History: L. 1972, ch. 51, § 17; July 1.
