7.09.090 Recordkeeping; Reporting; Hold Period

(a) A pawnbroker must maintain a copy of each completed pawnbroker transaction form on the pawnshop premises for at least 1 year after the date of the transaction. Copies shall be maintained so as to ensure quick and easy review and retrieval of information. The pawnbroker transaction number shall be securely affixed to all items pawned or purchased.

(b) A pawnbroker must keep a ledger or logbook of ALL transactions, including the name, physical description, physical address, and phone number of anyone who purchases an item, whether pawned or sold to the pawnshop. A separate logbook or ledger of all purchasers may be kept and shall only be open to inspection by an appropriate law enforcement official. If desired, the ledger or logbook may be kept on a computer. The ledger or logbook must be cross-referenced with the transaction number on the relevant pawnbroker transaction form.

(c) All goods delivered to a pawnbroker in a pawn or purchase transaction must be securely stored and maintained in an unaltered condition within the territorial jurisdiction of the Saint Regis Mohawk Tribe for a period of 30 calendar days after the transaction.

(1) Goods sold to a pawnbroker in a PURCHASE transaction may not be sold or otherwise disposed of before 30 calendar days.

(2) In a PAWN transaction, the pledgor may redeem the pledged goods within the first 30 days or must make arrangements with the pawnbroker to extend the time to redeem. If no arrangements are made between the pawnbroker and the pledgor, and pledged goods are not redeemed on or before the default date, the pledged goods are automatically forfeited to the pawnbroker, and absolute right, title and interest in and to the property vests in and is deemed conveyed to the pawnbroker and no further notice is necessary. Without mutually agreed upon arrangements, which shall be in writing, there is no additional waiting period beyond the first 30 days.

(d) Within this 30-day time period, it is the pawnbroker's responsibility to contact the appropriate law enforcement official to determine if any of the items have been misappropriated.