ORDINANCE NO. ________, SERIES 2019
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AN ORDINANCE AMENDING SECTION 123 OF THE LOUISVILLE/JEFFERSON COUNTY METRO CODE OF ORDINANCES APPLICABLE TO PAWNBROKERS AND REMOVING JUNK AND SECONDHAND DEALERS FROM SECTION 115 AND INCORPORATING IT INTO SECTION 123 (AMENDMENT BY SUBSTITUTION).
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SPONSORED BY: PRESIDENT JAMES
WHEREAS, the General Assembly enacted House Bill 74 as legislation in 2018 that amended Kentucky Revised Statutes ("KRS") ? 226.040, the subchapter entitled "Pawnbroker to keep register of loans and purchases -- State officers may inspect" (see attached House Bill 74);
WHEREAS, the now amended state law requires specific information of a pawnbroker's register to be included on an Internet-based register; requires that the register be available to law enforcement personnel, that it contains a full description of property purchased or pawned; and that it requires secondhand merchandise sold to a pawnbroker to be held a minimum of 12 days before being resold;
WHEREAS, Louisville Metro Code of Ordinances ("LMCO") ? 123.06 governing the register of loans and purchases by pawnbrokers is now amended to comply with KRS ? 226.040;
WHEREAS, LMCO ?? 115.120-127 that governs the local business practices of Junk and Secondhand Dealers is similar in many respects to requirements laid out in LMCO Chapter 123 for Pawnbrokers;
WHEREAS, Louisville Metro seeks to update LMCO by combining the pawnbroker and second-hand junk dealers into the same LMCO chapter to provide a well-organized code of ordinances that will better serve the general public, including businesses regulated by the LMCO and individuals interacting with said businesses, and government officers charged with enforcing the LMCO;
WHEREAS, the differences in business practices between second-hand junk dealers and secondary metals recyclers provide reason to create separate subsections to avoid confusion within the regulatory scheme;
WHEREAS, the ability to ...
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