Oklahoma § 59-1515 - Copy or report of buy transaction or pawn transaction to

§ 59-1515. Copy or report of buy transaction or pawn transaction to

be made available to local law enforcement officials - Items bought

to be held for specified time - Written declaration of ownership

required of seller or pledgor.

A. Any pawnbroker shall make available a copy or report within

two (2) days of any buy or pawn transaction to the local law

enforcement agency of the municipality or other political

subdivision in which the pawnshop is located; provided, merchandise

bought on invoice from a manufacturer or wholesaler with an

established place of business is exempt from this reporting

requirement. However, such invoice shall be shown upon request to

the Administrator or his duly authorized representative or any

authorized peace officer. The pawnbroker may provide the

transaction report to the local law enforcement agency by either

electronically reporting the information in the transaction report

to an electronic database accessible only by law enforcement

agencies or by reporting a physical copy of the transaction report

directly to the law enforcement agency. The transaction report

shall include:

1. The name and address of the pawnshop;

2. The name, address, race, sex, weight, height, date of birth

and either identification number of the seller or pledger as

verified by either a state-issued identification card, driver's

license or federal government-issued identification card or by

readable fingerprint of right or left index finger on the back of

the pawn or buy transaction copy to be retained for the pawnbroker's

record;

3. The transaction number for the buy or pawn transaction;

4. The date and time of the transaction;

5. The manufacturer of the item;

6. A description of the item; and

7. The serial number and model number where available and any

other identifying markings.

B. Items bought, except on invoice from a manufacturer or

wholesaler with an established place of business, shall be held for

ten (10) days before being disposed of or sold.

C. The pawnbroker shall obtain a written declaration of

ownership from the seller or pledgor on all buy and pawn

transactions, except refinance pawn transactions or merchandise

bought from a manufacturer or wholesaler with an established place

of business. The seller or pledgor shall be required to state how

long he has owned the property described in the transaction. The

declaration of ownership shall appear on the bill of sale or pawn

Oklahoma Statutes - Title 59. Professions and Occupations

ticket, to be completed by the seller or the pledgor at the time of

the transaction.

Added by Laws 1988, c. 191, § 10, eff. Nov. 1, 1988. Amended by Laws

1989, c. 217, § 2, eff. Nov. 1, 1989; Laws 1992, c. 280, § 6, eff.

Sept. 1, 1992; Laws 2016, c. 35, § 1, eff. Nov. 1, 2016.