City of Albuquerque
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File #: O-20-28   
Type: Ordinance Status: In Committee
File created: 8/3/2020 In control: Finance & Government Operations Committee
Final action:
Enactment date: Enactment #:
Title: Repealing The City Of Albuquerque Code Of Ordinances Sections 13-6-1 Through 13-6-99, The "Pawnbroker Ordinance," And Replacing It With A New Ordinance Amending Existing Regulations Applicable To Pawnbrokers And Extending Regulations To Precious Material Dealers And Secondhand Retailers (Gibson)
Attachments: 1. O-28.pdf
CITY of ALBUQUERQUE
TWENTY FOURTH COUNCIL


COUNCIL BILL NO. O-20-28 ENACTMENT NO. ________________________

SPONSORED BY: Diane Gibson


ORDINANCE
title
Repealing The City Of Albuquerque Code Of Ordinances Sections 13-6-1 Through 13-6-99, The "Pawnbroker Ordinance," And Replacing It With A New Ordinance Amending Existing Regulations Applicable To Pawnbrokers And Extending Regulations To Precious Material Dealers And Secondhand Retailers (Gibson)
body
BE IT ORDAINED BY THE COUNCIL, THE GOVERNING BODY OF THE CITY OF ALBUQUERQUE:
SECTION 1. Chapter 13, Article 6, Sections 1 through 99 of the Revised Ordinances of Albuquerque, the "Pawnbroker Ordinance" is hereby repealed.
SECTION 2. A new article is hereby enacted in place of the prior Pawnbroker Ordinance as follows:
"? 13-6-1 SHORT TITLE.
This article may be cited as the Pawnbroker, Precious Material Dealer, and Secondhand Retailer Ordinance.
? 13-6-2 PURPOSE.
The purposes of this article include to:
(1) Ensure a sound system of making loans against, or acquiring through purchase, tangible personal property by and through pawnshops, precious material dealers, and secondhand retailers; and to prevent frauds, ensure fair record keeping and reporting practices;
(2) Provide for permitting and reporting requirements for pawnbrokers, precious metal dealers, and secondhand retailers;
(3) Promote financial responsibility to the city and its residents and compliance with city law; and
(4) Promote the health, safety, and welfare of the City by implementing minimum accountability standards for pawnbroker, precious materials, and secondhand retailer businesses; help level the regulatory playing field for these related industries; and help limit vulnerability of these businesses to becoming unwitting participants in the cycle of property crime.
? 13-6-3 DEFINITIONS.
CONSUMER ELECTRONICS. All handheld electronic devices such as mobile phones, tablets, and mp3 players, radios, st...

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