44-1621. Definitions In this article, unless the context otherwise requires: 1. " Designee" means a local law enforcement agency designated in writing by a county sheriff to perform designated duties specified in this article on behalf of the sheriff. 2. " Identification document" means a valid driver license, a valid nonoperating identification license, a valid […]
44-1622. Pawn tickets; requirements A. All pawn transactions must be evidenced by a pawn ticket that is issued at the time of the pawn transaction. B. A pawn ticket shall include, at a minimum, all of the following: 1. The name, address and telephone number of the pawnshop and pledgor. 2. The birth date and […]
44-1623. Sale of pledged goods A. A pawnbroker shall not sell any items pledged to him as security for a pawn transaction until at least the day after the maturity date. B. All of a pledgor’s right, title and interest in the pledged goods shall pass by operation of law to the pawnbroker, without recourse, […]
44-1624. Pawn transactions; reportable transactions A. The length of all pawn transactions is a minimum of ninety days, except that a longer term may be contracted for between the pawnbroker and the pledgor. B. A pawnbroker shall not enter into a pawn transaction or good faith outright purchase of tangible personal property with a person […]
44-1625. Report to sheriff A. A pawnbroker shall make a true, complete and accurate report each day of each article the pawnbroker receives through a reportable transaction. The report shall be delivered within two business days to the sheriff or the sheriff’s designee of the county in which the pawnbroker is licensed by mail, hand […]
44-1626. Interest; fees; payment; military members A. A pawnbroker may charge or receive interest at a rate not exceeding thirteen per cent per month for the first two months and at a rate not exceeding eleven per cent per month thereafter. A pawnbroker shall prorate interest on a daily basis and shall not impose an […]
44-1627. Licensing; requirements A. A person shall not act as a pawnbroker until licensed by the sheriff of the county in which the person regularly conducts business. B. A pawnbroker shall obtain a separate license for each pawnshop owned by that pawnbroker. C. A pawnbroker license may not be sold or transferred without the approval […]
44-1628. Revocation and suspension A. After notice and an opportunity for a hearing in accordance with title 41, chapter 6, article 6, the sheriff may suspend any license for a period of not more than thirty days for acts that demonstrate a pattern of misrepresentation or wilful omissions or a violation of or noncompliance with […]
44-1629. Fees; penalty A. A person applying for a new pawnbroker license shall pay an application fee of one thousand dollars to the sheriff of the county in which the pawnbroker is to be licensed. B. Each licensed pawnbroker shall pay a renewal fee of five hundred dollars annually to the sheriff of the county […]
44-1630. False representation A person who gives false information or provides false representation as to the person’s true identity or as to the person’s ownership interest in property in order to receive monies or other valuable consideration from a pawnbroker, second hand dealer, scrap metal dealer or dealer in precious metals and who receives monies […]
44-1631. Violations; classification A. A person who knowingly violates section 44-1622 is guilty of a class 1 misdemeanor. B. A person who violates section 44-1623, 44-1624 or 44-1625, section 44-1626, subsection B, C or D or section 44-1630 is guilty of a class 1 misdemeanor. C. A person who knowingly charges and collects interest at […]
44-1632. Pawnshop hours; city or town ordinance A city or town may adopt an ordinance prohibiting the operation of pawnshops from 12:00 a.m. to 6:00 a.m.
