§ 13-57. Records to be kept.

(a)

Every pawnbroker shall be required to keep at his place of business an accurate and legible record, in English, of each loan or transaction in the course of his business. The account shall be recorded at the time of the loan or transaction and shall include:

(1)

A description and a statement of ownership of the goods, article or thing pawned or pledged or received on account of money loaned thereon;

(2)

The time of receiving the same;

(3)

The amount of money loaned thereon at the time of pledging the same;

(4)

The rate of interest to be paid on such loan;

(5)

The name and residence of the person pawning or pledging the goods, article or thing, together with a particular description of such person;

(6)

The terms and conditions of the loan, including the period for which any such loan may be made; and

(7)

All other facts and circumstances respecting such loan.

(b)

The superintendent of state police shall promulgate regulations specifying the nature of the particular description for the purposes of item number (5) above.

(c)

The superintendent of state police shall promulgate regulations specifying the nature of identifying credentials of the person pawning or pledging the goods. Such credentials shall be examined by the pawnbroker and an appropriate record retained thereof.

(Res. No. 09-08-90, 8-6-90)

(Res. No. 09-08-90, 8-6-90)