Amending Title 14 of The Philadelphia Code, entitled "Zoning and Planning," by amending Section 14-1605(2)(l) to add Cash for Gold establishments to the definition of Pawnshop.
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. Title 14 of The Philadelphia Code is hereby amended to read as follows:
TITLE 14. ZONING AND PLANNING
.
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§ 14-1605. Regulated Uses.
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(2) Definitions.
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(l) Pawnshop
.
An establishment which is engaged to any extent in any of the following business or activities:
(.1) the lending of money on the deposit or pledge of personal property, other than chooses in action, securities or written evidence of indebtedness;
(.2) the purchase of personal property either from an individual, another pawn business or any other business with an expressed or implied agreement or understanding to sell it back at a subsequent time at a stipulated price or negotiated price;
(.3) the purchase of personal property either from an individual or another pawn business with an expressed intent of offering the property for resale[, or];
(.4) the lending of money upon personal property, goods, wares or merchandise pledged, stored or deposited as collateral [security.]
security; or
(.5) the purchase of precious metals by or on behalf of a Cash for Gold or similar operation, excluding the purchase of precious metals at wholesale.
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Explanation:
Italics
indicate new matter added.
End
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