8.2. SR 10-15-2012 - Laserfiche WebLink

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Municode Page 11 of 14 Sec. 38-345. - Hours of operation. No licensee shall be open for the transaction of business on any day of the week before 7:00 a.m. or after 10:00 p.m. (Code 1982, § 724.20(1)) Sec. 38-346. -Accepting property with altered serial number. No licensee shall purchase, accept, or receive any article of property which contains an altered or obliterated serial number or an article of property whose serial number has been removed. (Code 1982, §724.20(3)) Sec. 38-347. -Accepting property encumbered by security interest. No licensee shall purchase, accept, or receive any article of property knowing, or having reason to know, that the article of property is encumbered by a security interest. For the purpose of this section, the term "security interest" means an interest in property which secures payment or other performance of an obligation. (Code 1982, §724.20(4)) Sec. 38-348. -Accepting goods from person other than owner. No licensee shall purchase, accept, or receive any article of property from any person, knowing, or having reason to know, that such person is not the true and correct owner of the property. (Code 1982, §724.20(5)) Sec. 38-349. - Examination of identification of persons pawning or selling property. No licensee shall purchase, accept, or receive any article of property from any person without first having examined a valid photo driver's license or valid photo identification card issued by the state of residency of the person. (Code 1982, §724.20(6)) Sec. 38-350. - Permitted charges. (a) Notwithstanding any other ordinance or statute, rule, or regulation, or Minn. Stats. § 325J.13, a pawnbroker may contract for and receive a pawnshop charge not to exceed three percent per month of the principal amount advanced in the pawn transaction plus a reasonable fee for storage and services. A fee for storage and services may not exceed $20.00 if the property is not in the possession of the pawnbroker. (b) The pawnshop charge allowed under subsection (a) of this section shall be deemed earned, due, and owing as of the date of the pawn transaction, and a like sum shall be deemed earned, due, and owing on the same day of the succeeding month. However, if full payment is made more than two weeks before the next succeeding date, the pawnbroker shall remit one-half of the pawnshop charge for that month to the pledgor. (c) http://library.municode.com/print.aspx?h=&clientID=13427&HTMRequest=http%3a%2W/o2flibr... 10/11/2012