§ 13-172. Electronic recordkeeping required.

(a)

Definitions. The following words, terms and phrases, when used in this article, shall have the meanings ascribed to them in this section, except where the context clearly indicates a different meaning:

Goods means any tangible chattel or personalty capable of physical delivery, except automobiles, clothing, or furniture.

Owner or operator of a pawnshop and pawnbroker means any person who loans money on deposit or pledge of personal property, or who deals in the purchasing of personal property on condition of selling the same back again at a stipulated price or who by any means, method or device loans money on personal property when the same is deposited for security.

(b)

Each and every owner or operator of a pawnshop or pawnbroker doing business in the city shall keep a well bound record book or register which shall contain a copy of every pawn ticket or contract or bill of sale issued by the owner or operator of a pawnshop or by the pawnbroker. These records shall be open and accessible to any officer of the police department for inspection or other official business at any reasonable time.

(c)

Each and every owner or operator of a pawnshop or pawnbroker doing business in the city shall, within ninety (90) days of the adoption of this section, maintain an electronic inventory tracking system which is capable of delivery and transmission of all information as required pursuant to Ark. Code Ann. § 12-12-103, as may be amended, via computer to the location designated by the city police department. The owner or operator of a pawnshop or pawnbroker will be required to upload the information to the location designated by the city police department within two (2) business days of receipt of the goods purchased or pawned.

(d)

Failure on the part of any owner or operator of a pawnshop or pawnbroker to comply with the provisions of this section shall be deemed a misdemeanor. Upon conviction, the offender shall be punished by a fine as set forth in section 1-9 of the Fort Smith Municipal Code. Each day of noncompliance with this section shall be deemed a separate offense.

(Ord. No. 113-06, §§ 1—4, 11-21-06)