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Agenda - Council - 04/28/2009
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Agenda - Council - 04/28/2009
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3/18/2025 3:58:03 PM
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4/23/2009 1:09:04 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
04/28/2009
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7.13.12 Receipt Required. Every licensee must provide a receipt to the party identified <br />in every reportable transaction and must.maintain a duplicate of that receipt for three (3) years. <br />The receipt must include at least the following information: <br />a. The name, address and telephone number of the licensed business. <br />b. The date and time the item was received by the licensee. <br />c. Whether-the item was pawned or sold, or the nature of the transaction. <br />d. An accurate description of each item received including, but not limited to, <br />any trademark, identification number, serial number, model number, brand <br />name, or other identifying mark on such an item. <br />e. The signature or unique identifier of the licensee or employee that <br />conducted the transaction. <br />f. .The amount advanced or paid. <br />g. The monthly and annual interest rates, including all pawn fees and charges. <br />h: The last regular day of business by which the item .must be redeemed by the <br />pledger without, risk that the item will be sold, and the amount necessary to <br />redeem the pawned item on that date. <br />i. The full name; residence address, residence telephone number, and date of <br />birth of the pledger or seller. <br />j. The identification number and state of issue from any of the fallowing forms <br />of identification of the seller: <br />1. Current valid Minnesota driver's license: <br />2. Current valid Minnesota identification card. <br />3. Current valid photo driver's license or identification card issued by <br />another state. <br />k. Description of the pledger or seller including approximate sex, height, <br />weight, race, color of eyes and color of hair. <br />L The signature of the pledger or seller. <br />m. All printed statements as required by State Statute 325J.04 Subdivision 2, or <br />any other applicable statutes. <br />-16- <br />
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