Michigan § 446.205 Record of property received; contents; inspection; form of permanent record.

Michigan Statutes

§ 446.205 — Record of property received; contents; inspection; form of permanent record.

Michigan § 446.205

Ch. 446BUSINESS REGULATION

Act 273 of 1917PAWNBROKERS (446.201-446.219)

This text of Michigan § 446.205 (Record of property received; contents; inspection; form of permanent record.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 446.205 (2026).

Text

PAWNBROKERS (EXCERPT) Act 273 of 1917 446.205 Record of property received; contents; inspection; form of permanent record. Sec. 5.

(1)A pawnbroker shall keep a record in English, at the time the pawnbroker receives any article of personal property or other valuable thing by way of pawn, that includes a description of the article, a sequential transaction number, any amount of money loaned on the article, the name, residence, general description, and driver license number, official state personal identification card number, or government identification number of the person from whom the article was received, and the day and hour when the article was received. The record, the place where the business is carried on, and all articles of property in that place of business are subject to examin

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PAWNBROKERS (EXCERPT) Act 273 of 1917 446.205 Record of property received; contents; inspection; form of permanent record. Sec. 5. (1) A pawnbroker shall keep a record in English, at the time the pawnbroker receives any article of personal property or other valuable thing by way of pawn, that includes a description of the article, a sequential transaction number, any amount of money loaned on the article, the name, residence, general description, and driver license number, official state personal identification card number, or government identification number of the person from whom the article was received, and the day and hour when the article was received. The record, the place where the business is carried on, and all articles of property in that place of business are subject to examination at any time by the attorney of the governmental unit, local police agency, the county prosecuting attorney of the county in which the governmental unit is situated, or the department of state police. (2) Upon the receipt of any article of personal property or other valuable thing by way of pawn, the pawnbroker shall make a permanent record of the transaction on a form provided by the pawnbroker that substantially complies with the form described in subsection (4). Each record of transaction shall be completed in duplicate by the pawnbroker, legibly in the English language, and shall contain all applicable information required to complete the record of transaction form under subsection (4). This subsection does not prohibit the use and transmission of the information required in the record of the transaction by means of computer or other electronic media as permitted by the local police agency within the applicable governmental unit. (3) The pawnbroker shall retain a record of each transaction and, within 48 hours after the property is received, shall send 1 copy of the record of transaction to the local police agency. (4) The record of transaction form shall be 8-1/2 inches by 11 inches in size and shall be as follows: RECORD OF TRANSACTION FRONT Article Serial No. Model No. or Case No. Lens No. or Move. No. Trade Name Color Size No. Jewels Material Stone Set Design Description No. Kind of Stone Size Inscription or Initials Purchase Price Amt. Loaned Dealer City Date Ticket No. Lady's [] Gent's[] Wrist [] Pocket[] Lapel[] BACK Operator's License # or Other I.D. # Customer's Name (PRINT) Street No. or RFD City and State Employed By: Rolled print of right thumb (If impossible then some Age Height other fingerprint. Designate which.) Weight Race W [] B [] O [] Time Received: AM PM Mail reports within 48 hours to local officers [] Male [] Female Signature of person taking print

Legislative History

1917, Act 273, Eff. Aug. 10, 1917 ;-- CL 1929, 9688 ;-- CL 1948, 446.205 ;-- Am. 1998, Act 233 , Imd. Eff. July 3, 1998 ;-- Am. 2002, Act 469 , Imd. Eff. June 21, 2002 Compiler's Notes: See Act 469 of 2002 for correct formatting of table in subsection (4).