Title 5 BUSINESS LICENSES AND REGULATIONS
Chapter 5.16 PAWNBROKERS AND PRECIOUS METAL DEALERS
5.16.010 Definitions.
As used in this chapter the following words and phrases shall have the
following meanings:
"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.
"Pawnbroker" does not include any person operating under the supervision of the
state banking commissioner, credit union administrator or the consumer credit
commissioner of this state.
"Person" means any individual, firm,
company, partnership, corporation or association.
"Precious metal" means
gold, silver or platinum group metals or any used articles or other used
personal property containing such metals, but shall not include uncircu-lated
coins purchased for their numismatic value rather than their metal content or
ingots or other industrial residue or by-products composed of such metals
purchased from manufacturing firms.
"Precious metal dealer" means any
person who engages in the business of purchasing precious metal for the purpose
of reselling such metal in any form. (Prior code § 6-601)
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