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<br />7.13.11 Revocation of License. Pursuant to ~7.01.08, any violation of the terms of this <br />Section or any provision of the City Code shall be grounds for suspension and/or revocation of <br />the license issued pursuant to this Section. A license may be suspended and/or revoked by the <br />Council only for cause and only after adequate notice to the licensee with the full opportunity for <br />the licensee to be heard. <br /> <br />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 /> <br />a. The name, address and telephone number of the licensed business. <br /> <br />b. The date and time the item was received by the licensee. <br /> <br />c. Whether the item was pawned or sold, or the nature of the transa,ction. <br /> <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 /> <br />e. The signature or unique identifier of the licensee or employee that <br />conducted the transaction. <br /> <br />f. The amount advanced or paid. <br /> <br />g. The monthly and annual interest rates, including all pawn fees and charges. <br /> <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 /> <br />L The full name, residence address, residence telephone number, and date of <br />birth of the pledger or seller. <br /> <br />J. The identification number and state of issue from any of the following forms <br />of identification of the seller: <br /> <br />1. Current valid Minnesota driver's license. <br /> <br />2. Current valid Minnesota identification card. <br /> <br />3. Current valid photo driver's license or identification card issued by <br />another state. <br /> <br />k. Description of the pledger or seller including approximate sex, height, <br />weight, race, color of eyes and color of hair. <br />Ordinance #09-08 <br />Page 9 of 15 <br />