§ 59-1515 — Copy or report of buy transaction or pawn transaction to

Oklahoma § 59-1515

• Jurisdiction: Oklahoma
• Title 59: Professions And Occupations

Text

be made available to local law enforcement officials - Items bought to be held for specified time - Written declaration of ownership required of seller or pledgor. A. Any pawnbroker shall make available a copy or report within two (2) days of any buy or pawn transaction to the local law enforcement agency of the municipality or other political subdivision in which the pawnshop is located; provided, merchandise bought on invoice from a manufacturer or wholesaler with an established place of business is exempt from this reporting requirement. However, such invoice shall be shown upon request to the Administrator or his duly authorized representative or any authorized peace officer. The pawnbroker may provide the transaction report to the local law enforcement agency by either electronically reporting the information in the transaction report to an electronic database accessible only by law enforcement agencies or by reporting a physical copy of the transaction report directly to the law enforcement agency. The transaction report shall include: 1. The name and address of the pawnshop; 2. The name, address, race, sex, weight, height, date of birth and either identification number of the seller or pledger as verified by either a state-issued identification card, driver's license or federal government-issued identification card or by readable fingerprint of right or left index finger on the back of the pawn or buy transaction copy to be retained for the pawnbroker's record; 3. The transaction number for the buy or pawn transaction; 4. The date and time of the transaction; 5. The manufacturer of the item; 6. A description of the item; and 7. The serial number and model number where available and any other identifying markings. B. Items bought, except on invoice from a manufacturer or wholesaler with an established place of business, shall be held for ten (10) days before being disposed of or sold. C. The pawnbroker shall obtain a written declaration of ownership from the seller or pledgor on all buy and pawn transactions, except refinance pawn transactions or merchandise bought from a manufacturer or wholesaler with an established place of business. The seller or pledgor shall be required to state how long he has owned the property described in the transaction. The declaration of ownership shall appear on the bill of sale or pawn ticket, to be completed by the seller or the pledgor at the time of the transaction.

Legislative History

Added by Laws 1988, c. 191, § 10, eff. Nov. 1, 1988. Amended by Laws 1989, c. 217, § 2, eff. Nov. 1, 1989; Laws 1992, c. 280, § 6, eff. Sept. 1, 1992; Laws 2016, c. 35, § 1, eff. Nov. 1, 2016.