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Agenda - Council - 11/10/2003
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Agenda - Council - 11/10/2003
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3/24/2025 3:56:46 PM
Creation date
11/7/2003 11:55:44 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
11/10/2003
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The last regular day of business by which the item must be redeemed by the pledger <br />without risk that the item will be sold, and the amount necessary to redeem the <br />pawned item on that date. <br /> <br />i. Thc f'ull name, current residence address, current residence telephone nuinber, and <br /> date of birth of the pledger or seller. <br /> <br />j. The identification number and state of issue fi'om any of the following forms of <br /> 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 another state <br /> or province of Canada. <br /> <br />k. Description of the pledger or seller including approximate sex, height, weight, race, <br /> color of eyes and color of hair. <br /> <br />1. The signature of the pledger or seller. <br /> <br />m. All printed statements as required by state statute 325J.04 subdivision 2, or any other <br /> applicable statutes. <br /> <br />Subd. 2. Redemption Period. <br /> <br /> Any person pledging, pawning or depositing an item for security must have a minimum <br />of sixty (60) days from the date of that transaction to redeem the item before it may be forfeited <br />and sokl. During the sixty (60) day holding period, items may not be removed from the licensed <br />location except as provided in (BUSINESS AT ONLY ONE PLACE). Licensees are prohibited <br />fi'om redeeming any item to anyone other than the person to whom the receipt was issued or, to <br />any person identified in a written and notarized authorization to redeem the property identified in <br />tim receipt, or to a person identified in writing by the pledger at the time of the initial transaction <br />and signed by the pledger, or with approval of the police license inspector. Written authorization <br />for release of property to persons other than original pledger must be maintained along with <br />original transaction record in accordance with (RECORDS REQUIRED) (10). <br /> <br />Subd. 3. Holding period <br /> <br /> Any item purchased or accepted in trade by a licensee must not be sold or otherwise <br />transl'erred ['or thirty (30) days from the date of the transaction. An individual may redeem an <br />item seventy-two (72) hours after the item was received on deposit, excluding Sundays and legal <br />holidays. <br /> <br />Subd. 4. Police order to hold property. <br /> <br /> 9 <br /> <br />C:\Documenls and Settings\adietl\Local Settings\Temporary Internet Files\OLK7C7\Ordinance.Pawn. Goodrich.doc <br /> <br /> <br />
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