2005 Minnesota Statutes

     325J.08 Records; prohibitions. 

    A pawnbroker and any clerk, agent, or employee of a 
 pawnbroker shall not: 

    (1) make any false entry in the records of pawn 
 transactions; 

    (2) falsify, obliterate, destroy, or remove from the place 
 of business the records, books, or accounts relating to the 
 licensee's pawn transactions; 

    (3) refuse to allow the appropriate law enforcement agency, 
 the attorney general, or any other duly authorized state or 
 federal law enforcement officer to inspect the pawn records or 
 any pawn goods in the person's possession during the ordinary 
 hours of business or other times acceptable to both parties; 

    (4) fail to maintain a record of each pawn transaction for 
 three years; 

    (5) accept a pledge or purchase property from a person 
 under the age of 18 years; 

    (6) make any agreement requiring the personal liability of 
 a pledgor or seller, or waiving any provision of this section, 
 or providing for a maturity date less than one month after the 
 date of the pawn transaction; 

    (7) fail to return pledged goods to a pledgor or seller, or 
 provide compensation as set forth in section 325J.09, upon 
 payment of the full amount due the pawnbroker unless either the 
 date of redemption is more than 60 days past the date of the 
 pawn transaction, renewal, or extension and the pawnbroker has 
 sold the pledged goods pursuant to section 325J.06, or the 
 pledged goods have been taken into custody by a court or a law 
 enforcement officer or agency; 

    (8) sell or lease, or agree to sell or lease, pledged or 
 purchased goods back to the pledgor or seller in the same, or a 
 related, transaction; 

    (9) sell or otherwise charge for insurance in connection 
 with a pawn transaction; or 

    (10) remove pledged goods from the pawnshop premises or 
 other storage place approved by a municipality at any time 
 before unredeemed, pledged goods are sold pursuant to section 
 325J.06. 

    HIST: 1996 c 404 s 8