§3865. Records of a pawnbroker

Link to law: http://legislature.vermont.gov/statutes/section/09/097/03865
Published: 2015

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The Vermont Statutes Online



Title

09

:
Commerce and Trade






Chapter

097

:
PAWNBROKERS











 

§

3865. Records of a pawnbroker

(a) In each year

a pawnbroker makes loans or advances totaling over $2,500.00 for items pledged

or deposited with the pawnbroker, he or she shall maintain the following

records for each transaction in that year:

(1) a legible

statement written at the time of the transaction stating the amount of money

lent or advanced for the items, the time of the transaction, and the rate of

interest to be paid, as applicable;

(2) a legible

statement of the name, current address, telephone number, and vehicle license

number of the person pledging or depositing the items;

(3) a legible

written description and photograph, or alternatively a video, of the items;

(4) a photocopy

of a government-issued identification card issued to the person pledging or

depositing the items, if available.

(b) At all

reasonable times, the records required under subsection (a) of this section

shall be open to the inspection of law enforcement. A law enforcement agency

shall make a reasonable effort to notify a pawnbroker before conducting an

inspection pursuant to this section unless providing notice would interfere

with a criminal investigation or any other legitimate law enforcement purpose.

(c) [Repealed.]  (Amended 2011, No. 167 (Adj. Sess.), § 4,

eff. May 18, 2012; 2013, No. 75, § 22a; eff. June 5, 2013; 2013, No. 196 (Adj.

Sess.), § 1, eff. Jan. 1, 2015.)
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