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Unless the context clearly requires otherwise, the definitions in this section apply throughout this chapter.

“Nonmetal junk” means any nonmetal, commonly discarded item that is worn out, or has outlasted its usefulness as intended in its original form, except nonmetal junk does not include an item made in a former period which has enhanced value because of its age.

“Pawnbroker” means every person engaged, in whole or in part, in the business of loaning money on the security of pledges of personal property, or deposits, or conditional sales of personal property, or the purchase or sale of personal property.

“Precious metals” means gold, silver, and platinum.

“Secondhand dealer” means every person engaged in whole or in part in the business of purchasing, selling, trading, consignment selling, or otherwise transferring for value, secondhand personal property, precious metals, whether or not the person maintains a fixed place of business within the state. Secondhand dealer also includes persons or entities conducting business at flea markets or swap meets, more than three times per year.

“Secondhand property” means any item of personal property offered for sale which is not new, including metals in any form, except postage stamps, coins that are legal tender, bullion in the form of fabricated hallmarked bars, used books, and clothing of a resale value of $75.00 or less, except furs.

“Term of the loan” as defined in this chapter shall be set for a period of 30 days to include the date of the loan.

“Transaction” means a pledge, or the purchase of, or consignment of, or the trade of any item of personal property by a pawnbroker or a secondhand dealer from a member of the general public. [Ord. 4154, 2014; Ord. 2838 § 1, 1991; Code 1970 § 5.12.010; Code 1954 § 3-5.04.]