Kansas Statutes 16-716. Record of transactions
(a) At the time of making a loan, a pawnbroker shall enter in a book kept for that purpose:
(1) The date, duration, amount and charges of every loan made by the pawnbroker;
Terms Used In Kansas Statutes 16-716
- Pawnbroker: means any person who loans money on deposit or pledge of personal property or other valuable thing, other than intangible personal property, or who deals in the purchase of personal property on the condition of selling the same back again at a stipulated price. See Kansas Statutes 16-706
- Precious metal: means gold, silver or platinum group metals or any used articles or other used personal property containing such metals, but shall not include coins purchased for their numismatic value rather than their metal content or ingots or other industrial residue or by-products composed of such metals purchased from manufacturing firms. See Kansas Statutes 16-706
- Precious metal dealer: means any person who engages in the business of purchasing precious metal for the purpose of reselling such metal in any form. See Kansas Statutes 16-706
- Property: includes personal and real property. See Kansas Statutes 77-201
- Residence: means the place which is adopted by a person as the person's place of habitation and to which, whenever the person is absent, the person has the intention of returning. See Kansas Statutes 77-201
(2) a full and accurate description of the property pledged; and
(3) the name, age, residence and driver’s license or other personal identification number of the pledgor.
(b) At the time of purchasing precious metal, a precious metal dealer shall enter in a book kept for that purpose:
(1) The date of the purchase;
(2) a full and accurate description of each item purchased, including any identifying letters, numbers or marks on the item; and
(3) the name, age, residence and driver’s license or other personal identification number of the seller.
(c) The record required by this section shall be maintained by the pawnbroker or precious metal dealer at the pawnbroker’s or dealer’s place of business for not less than one year following the date of the transaction.