Title
Ordinance to Amend and Reenact the City Code of the City of Hampton, Virginia by Amending Chapter 27, Pawnbrokers; Junk and Secondhand Dealers, Sec. 27-1 to conform to changes made to the Virginia Code by the 2019 General Assembly
Purpose
PURPOSE/BACKGROUND:
During the 2019 Session, the General Assembly amended the definition of "pawnbroker" to only include natural persons. Previously, any person, defined to include corporations, partnerships, associations, cooperatives, limited liability companies, trusts, joint ventures, governments, political subdivisions, or any other legal or commercial entities and any successor, representative, agent, agency, or instrumentality thereof, could become a licensed pawnbroker. The bill also provided that localities could choose to extend the license of a pawnbroker who is not a natural person until July 1, 2020.
Discussion:
Staff proposes, in addition to the amendment to the definition of "pawnbroker," to make the identical amendment to the definition of "secondhand dealer," which is not defined in the Virginia Code. Staff also proposes to make these amendments effective on July 1, 2020.
Recommendation:
Rec
Approve the amendment.
Body
BE IT ORDAINED by the City Council of the City of Hampton, Virginia, that Section 27-1 of Chapter 27 of the City Code of the City of Hampton, Virginia be adopted to read as follows:
Chapter 27 - PAWNBROKERS; JUNK AND SECONDHAND DEALERS
Sec. 27-1. - Definitions.
"Pawnbroker" means any natural person who lends or advances money or other things for profit on the pledge and possession of tangible personal property, or other valuable things, other than securities or written or printed evidences of indebtedness or title, or who deals in the purchasing of personal property or other valuable things on condition of selling the same back to the seller at a stipulated price.
"Secondhand dealer" means any natural person who buys, sells, barters or exchanges used or secondhand arti...
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