226.040 Pawnbroker to keep register of loans and purchases -- Report to online
324 words·~1 min read·
/ky/226-040A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
transaction recording service accessible to law enforcement -- Information to
be included in register -- State officers may inspect -- Holding period before
resale -- Release of stolen property to law enforcement.
(1)Every pawnbroker shall keep a register of all loans and purchases of all articles by
the pawnbroker from the general public. The register shall:
(a)Be reported to an online, Internet-based transaction recording service
accessible to law enforcement agencies;
(b)Show the dates and the amounts of all loans or purchases by the pawnbroker
from the general public, and the names and:
1. A driver's license number;
2. Another state or federally issued picture identification card number; or
3. If the identification specified in subparagraph 1. or 2. of this paragraph
is not available, a Social Security number may be accepted;
of all persons who have left any property that has been pawned or sold;
(c)At all times be available to the inspection of any law enforcement officer of
this state when in the discharge of his or her official duty; and
(d)Contain a full description of all property purchased by the pawnbroker from
the general public or received on deposit as collateral or security. When
requested by law enforcement and pertaining to an investigation, a photograph
of the merchandise shall be made available to law enforcement if the property
is still in the possession of the pawnbroker. For purposes of this paragraph,
"full description" includes but is not limited to:
1. Make;
2. Model;
3. Color;
4. Size;
5. Manufacturer;
6. Vintage; and
7. Distinguishing marks or characteristics.
(2)When secondhand merchandise is sold to a pawnbroker, the merchandise shall be
held for a minimum of twelve
(12)days before being resold.
(3)Prior to the release of property to a representative of law enforcement, the law
enforcement representative shall provide to the pawnbroker a case report or other
documentation that the item has been reported as stolen.