D.C. Mun. Regs. tit. 16, r. 16-905

Current through Register Vol. 71, No. 49, December 6, 2024

Rule 16-905 - PAWN RECORD LEDGER

905.1 Each licensee shall use an Internet-based recordkeeping system approved by the Director to maintain a pawn record ledger and shall make a copy of the government-issued identification provided by the seller of each transaction.

905.2 Each transaction shall be entered in the approved Internet-based recordkeeping system at the time of the transaction and according to the data entry requirements of the online system.

905.3 [RESERVED]

905.4 Each entry in the approved Internet-based recordkeeping system shall contain the following information:

(a) The number of pawnticket;

(b) Date of each transaction;

(c) A description and digital photograph of the article pledged;

(d) The amount loaned;

(e) The name and address of the pledgor, as listed on a government-issued identification;

(f) A description of the pledgor, as required in D.C. Official Code§ 47-2884.11 (2012 Repl.);

(g) The date redeemed;

(h) If unredeemed, the date and disposition at auction; and

(i) The amount collected by redemption or auction of each pledge.

D.C. Mun. Regs. tit. 16, r. 16-905

Amended by Final Rulemaking published at 61 DCR 12210 (November 28, 2014)