Sec. 08.76.590. Definitions.

638 words·~3 min read·/ak/title-8/chapter-76/08-76-590

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

In AS 08.76.100 — 08.76.590,

(1)“amount financed” means the amount of money, excluding a finance fee, charged by a pawnbroker for a pawn transaction;

(2)“business” includes advertising;

(3)“claim” means a claim under AS 08.76.370 ;

(4)“claimant” means a person who makes a claim;

(5)“department” means the Department of Commerce, Community, and Economic Development;

(6)“evidentiary hold order” means an evidentiary hold order authorized under AS 08.76.330 ;

(7)“finance fee” means all the amounts that a pawnbroker may charge under AS 08.76.210 ;

(8)“governmental fee” means a fee imposed by a governmental agency on a pawnbroker to hold or transfer a firearm or conduct a background check required by the governmental agency;

(9)“grace period” means the 30-day period after a maturity date during which a pawnbroker is required by AS 08.76.270

(b)to retain possession of pledged property;

(10)“hold order” means a police hold order or an evidentiary hold order;

(11)“identification” means

(A)a government-issued identification document that contains a photograph; or

(B)an electronic image of a document identified under

(A)of this paragraph;

(12)“knowingly” has the meaning given in AS 11.81.900 ;

(13)“law enforcement agency” means

(A)the police department of a municipality where a pawnshop is located;

(B)the Department of Law;

(C)the Department of Public Safety;

(14)“law enforcement officer” means

(A)a police officer of the municipality where a pawnshop is located; or

(B)a state trooper if a pawnshop is located in the unorganized borough or if a pawnshop is located in a municipality that does not provide police protection services;

(15)“law enforcement report” means a report required by AS 08.76.410 ;

(16)“lease” means any form of rental;

(17)“license” means a license to engage in business as a pawnbroker issued under AS 08.76.110 ;

(18)“licensee” means a person who holds a license;

(19)“maturity date” means the date by which a pledgor is required to pay a pawnbroker the amount financed and the finance fee for a pawn transaction, but does not include a grace period;

(20)“misappropriated” means pledged or sold to a pawnbroker

(A)after being stolen; or

(B)while being leased to the pledgor or seller by another person if the property has a permanent label or other conspicuous mark identifying it as another person's property;

(21)“pawnbroker” means a person who lends money in exchange for a pledge of property;

(22)“pawnbroker transaction” means a pawn transaction or purchase;

(23)“pawn transaction” means a pledge given in exchange for a loan by a pawnbroker;

(24)“personal property” means tangible personal property, but does not include a security, a title to property, a deed, a bill of sale, or printed evidence of indebtedness;

(25)“pledge” means a deposit of property as security for payment of financial obligations to a pawnbroker in a pawn transaction;

(26)“pledged property” means the property that is pledged in a pawn transaction;

(27)“pledgor” means

(A)a person who delivers property to a pawnbroker for a pawn transaction; or

(B)the principal, if the person who delivers property to a pawnbroker for a pawn transaction discloses that the delivery person is acting for a principal;

(28)“police hold order” means a hold order authorized under AS 08.76.320 ;

(29)“property” means personal property;

(30)“purchase” means a purchase of property by a pawnbroker that is not a pawn transaction;

(31)“redeem” means to obtain the return of pledged property under AS 08.76.270 ;

(32)“register” means the register required to be maintained by AS 08.76.180 ;

(33)“registration fee” means a fee for registering a firearm;

(34)“seller” means a person who sells property to a pawnbroker, but does not include a pledgor;

(35)“transaction agreement” means the transaction agreement required by AS 08.76.200 .