(1) Every pawnbroker shall keep a register in which shall be recorded in ink or in electronic form:
(a) The date of the transaction.
(b) The serial number of the pledge loan.
(c) The name and address of the pledgor, or if the pledge is made by a person acting as agent for a disclosed principal, the name and address of principal and agent.
(d) An identifying description of the article or articles pledged.
(e) The amount of the pledge loan.
(f) The date on which such pledge loan was canceled.
(g) A notation as to whether it was redeemed or renewed, or whether the pledge was forfeited.
(2) All entries in the register shall be made in the English language and shall be open to the inspection of any public official, police officer or any other person who is duly authorized or empowered by the laws of this state to make such inspection.
(3) Every pawnbroker shall maintain an alphabetical file from which can be determined the total obligations of any one pledgor.
(4) Subject to the provisions of this chapter, the Director of the Department of Consumer and Business Services may prescribe the form of other books and records to be kept by the pawnbroker. All records shall be preserved and available for at least two years after making the final entry on any pledge loan recorded therein. [Amended by 1979 c.202 §3; 1987 c.373 §72; 2007 c.360 §7]Section: Previous 726.170 726.180 726.190 726.250 726.255 726.260 726.270 726.280 726.285 726.290 726.300 726.310 726.320 726.330 726.340 Next
Last modified: August 7, 2008