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 who is less than eighteen years of
age.
C. A pawnbroker shall not enter into a pawn transaction or good faith outright
purchase of tangible personal property that has a manufacturer's serial number that has
been removed, altered or obliterated.
D. Before entering into a pawn transaction or good faith outright purchase of
tangible personal property a pawnbroker shall require the pledgor or seller to identify
himself with an identification document sufficient to verify the information required
pursuant to section 44-1625.
E. A pawnbroker shall retain any pledged goods at the pawnbroker's place of
business or any other storage location approved by the applicable local law enforcement
agency.
F. The pawnbroker shall retain any property obtained by good faith outright
purchase in its original form for twenty days after the original transaction date at the
pawnbroker's place of business or other storage location approved by the applicable local
law enforcement agency.
G. The pawnbroker shall maintain at the pawnbroker's place of business records of
all reportable transactions and pawn tickets and shall retain the records for at least
two years after the date when the transaction occurred. The pawnbroker shall ensure that
the records include accurate copies of all transaction receipts or pawn tickets. On
request by a local law enforcement agent in the course of the agent's duties, the
pawnbroker shall allow the agent to inspect the pawnbroker's receipts, pawn tickets or
required alcohol, tobacco and firearms logs or to review any article received by the
pawnbroker by pledge, purchase or trade.
H. A pawnbroker shall produce the pawnbroker's register, shall exhibit all articles
received by the pawnbroker in pledge or purchase or shall produce the pawnbroker's
account of sales to a local law enforcement agency on the agency's request to inspect the
register, articles or accounts of sales of the pawnbroker or on service of a search
warrant or order issued by a judge or magistrate.
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