CITY of ALBUQUERQUE
TWENTY FOURTH COUNCIL
COUNCIL BILL NO. F/S O-20-28 ENACTMENT NO. ________________________
SPONSORED BY: Diane Gibson
ORDINANCE
title
F/S 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, Secondhand Retailers, And Automated Consumer Electronic Kiosks (Gibson)
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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, SECONDHAND RETAILERS, AND AUTOMATED CONSUMER ELECTRONIC KIOSKS
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13, Article 6, Sections 1 through 99 of the Revised Ordinances of Albuquerque, the "Pawnbroker Ordinance" is hereby repealed.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, Secondhand Retailer, and Automated Kiosk 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, secondhand retailers, and automated kiosks; and to prevent frauds, ensure fair record keeping and reporting practices;
(2) Provide for permitting and reporting requirements for pawnbrokers, precious metal dealers, secondhand retailers, and automated kiosks;
(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 accou...
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