(c) If it is determined that an item bought, sold, traded or pawned by a seller or customer to the pawnbroker or his employee is the subject of any reported then the surrender of said item to the chief of police or his duly authorized agent shall be done upon demand. Sec. ________. Suspension and Revocation of License. Immediate suspension, revocation, or forfeiture of an issued license by the city council occur only after notice and opportunity for a hearing before the city council consistent with the procedures set forth in Sec. ___________, Appeal Procedure, and only upon the following occurrences: (a) Any license issued this Article for the operation of a pawnshop shall be immediately revoked in the case of bankruptcy, receivership or levy of legal process upon the licensed outlet or property therein. (b) Except as provided in the transfers Sec._______, Renewals and Transfers, any change in the ownership of any entity owning a licensed outlet shall be grounds for the city council to revoke any license issued under this Article. (c) A license shall be immediately suspended or revoked by the city council upon learning that a licensee furnished fraudulent or untruthful information in the application for a license, or omits information required in the application for a license, or fails to pay all fees, taxes, or other charges imposed under the provisions of this Article. (d) The city council shall immediately suspend or revoke the license of any licensee who does not meet the qualifications set forth in this Article at any time such information becomes known to the city council. Sec. ________. Record of Transactions. (a) Every pawnbroker shall maintain a permanent electronic record of its pawn transactions in which an accurate description of all property pledged, traded or sold to the pawnshop can be transmitted to the municipal police department via an electronic automated reporting system. Each of these transactions shall contain an accurate description of all property pledged, traded or sold to the pawnshop and shall be made at the time of each transaction, provided that the following information is included: (1) The date and time of the purchase, pawn or sale of the property. (2) The full name, street address and telephone number of the customer making the pledge, trade or sale.
(c) If it is determined that an item bought, sold, traded or pawned by a seller or customer to the pawnbroker or his employee is the subject of any reported then the surrender of said item to the chief of police or his duly authorized agent shall be done upon demand. Sec. ________. Suspension and Revocation of License. Immediate suspension, revocation, or forfeiture of an issued license by the city council occur only after notice and opportunity for a hearing before the city council consistent with the procedures set forth in Sec. ___________, Appeal Procedure, and only upon the following occurrences: (a) Any license issued this Article for the operation of a pawnshop shall be immediately revoked in the case of bankruptcy, receivership or levy of legal process upon the licensed outlet or property therein. (b) Except as provided in the transfers Sec._______, Renewals and Transfers, any change in the ownership of any entity owning a licensed outlet shall be grounds for the city council to revoke any license issued under this Article. (c) A license shall be immediately suspended or revoked by the city council upon learning that a licensee furnished fraudulent or untruthful information in the application for a license, or omits information required in the application for a license, or fails to pay all fees, taxes, or other charges imposed under the provisions of this Article. (d) The city council shall immediately suspend or revoke the license of any licensee who does not meet the qualifications set forth in this Article at any time such information becomes known to the city council. Sec. ________. Record of Transactions. (a) Every pawnbroker shall maintain a permanent electronic record of its pawn transactions in which an accurate description of all property pledged, traded or sold to the pawnshop can be transmitted to the municipal police department via an electronic automated reporting system. Each of these transactions shall contain an accurate description of all property pledged, traded or sold to the pawnshop and shall be made at the time of each transaction, provided that the following information is included: (1) The date and time of the purchase, pawn or sale of the property. (2) The full name, street address and telephone number of the customer making the pledge, trade or sale.
modelordinance_pawnbroker_secondhanddealer.docx