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Item 4: Ordinance on Used Merchandise Dealer Provisions
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Item 4: Ordinance on Used Merchandise Dealer Provisions
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11/26/2012
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2. The term “regulated property” does not include any of the <br />following property: vehicles required to be registered with the <br />state Motor Vehicles Division; boats required to be certified by the <br />state Marine Board; books; collectable trading cards (e.g., <br />baseball trading cards or movie trading cards); glassware; <br />furniture; clothes; refrigerators, stoves, washers, dryers, window <br />air conditioner units, and other similar major household <br />appliances; small kitchen appliances; or property that is <br />purchased for investment purposes, limited to the following: <br />a. Gold bullion bars or rounds (0.995 fine or better); <br />b. Silver bullion bars or rounds (0.995 fine or better); <br />c. Palladium and platinum bars or rounds (0.995 fine or <br />better); <br />cd. All tokens, coins, or money, whether commemorative or an <br />actual medium of exchange, adopted by a domestic or <br />foreign government as part of its currency; or <br />de. Postage stamps, stamp collections and philatelic items.; or <br />f. Privately manufactured coins. <br />(fi) Used merchandise dealer. <br />1. A person who engages in, conducts, manages, or carries on any <br />business that, as part or all of its business: <br />a. Purchases regulated property; or <br />b. Lends money on security of regulated property. <br />2. A used merchandise dealer does not include: <br />a. A person who engages in, conducts, manages, or carries on <br />any business that does not buy regulated property outright, <br />but occasionally accepts in trade regulated property as part <br />or full payment for new articles, where such business is <br />incidental to the primary business of the sale of new articles; <br />b. A person who engages in, conducts, manages, or carries on <br />any business that deals exclusively in the purchase and sale <br />of used whole automobiles, books, trading cards and sports <br />memorabilia, clothing, furniture, major household electric or <br />gas appliances, or farm implements and machinery; or <br />c. A person who engages in, conducts, manages, or carries on <br />any nonprofit corporation or association that purchases, sells <br />or otherwise exchanges only donated articles. <br />(2) No person with a felony conviction for Burglary, Theft I, Manufacture of a <br />Controlled Substance or Schedule I or II Drug Possession may be <br />permitted to own or operate a used merchandise business. <br />(2) <br />3 Recording requirements. <br />(a) At the time of purchase, a used merchandise dealer shall accurately <br />record: the description of the regulated property purchase; the address, <br />date of birth and current telephone number of the person from <br />whom the regulated property was purchased; and the person’s <br />approved identification. <br />(b) The used merchandise dealer shall record an identifying <br />description and take a discernible, clear photograph of all jewelry, <br />gems and precious metal items. Pawnbrokers accepting a pledge <br />are not required to photograph the pledged item. <br />(bc) Used merchandise dealers shall record purchases of regulated property <br />via an automated electronic reporting system approved by the city. <br />Ordinance - Page 2 of 5 <br />
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