2013 New Mexico Statutes
Chapter 56 - Commercial Instruments and Transactions
Article 12 - Pawnbrokers
Section 56-12-9 - Pawnbroker reports; records; delivery; violations. (1985)


NM Stat § 56-12-9 (2013) What's This?

56-12-9. Pawnbroker reports; records; delivery; violations. (1985) 
A.   Every pawnbroker shall each day accurately complete a report of all used property of every kind received or purchased in a pawn transaction during the preceding business day on a form approved by the local law enforcement agency. Either a driver's license or other photo identification card shall be required of each person entering into a pawn transaction with a pawnbroker. Each item received shall be listed on a separate report form. Said report shall include the following:   
(1)   name of item;   
(2)   description of the item including make and model number, if any;   
(3)   serial number and other identifying marks, if any;   
(4)   date, time and type of pawn transaction;   
(5)   name and address of person offering the item;   
(6)   description of the person offering the item including sex, complexion, hair color, approximate height and weight, and date of birth; and   
(7)   type of identification used by person offering item and identifying number of said identification. If the person presents a driver's license, the report shall also indicate the state of issuance.   
B.   All reports required by this section shall be completed accurately and be made available by 12 o'clock noon of the day following the day of the pawn transaction and shall be delivered or mailed to the local law enforcement agency within three days of the pawn transaction.   
C.   Property purchased directly from another permitholder regulated by the Pawnbrokers Act who has already reported the item pursuant to this section is exempt from the requirements of this section.   
D.   Persistent or frequent erroneous or incomplete entries in or delays in the submitting of the above required reports shall constitute a violation of this section and are subject to the general penalty provisions of the Pawnbrokers Act.   
E.   The reports and records of the permitholder required pursuant to this section, as well as every item received in pawn, shall be available for inspection by the local government authority, the attorney general, the local law enforcement agency or any sworn member of that law enforcement agency at all reasonable times.   
F.   Each item pledged to or purchased by the permitholder for which a report is required shall have attached to it a tag with an alphabetic or numerical identification system matching that item with its corresponding report and record.   
  History: Laws 1985, ch. 228, § 9. 

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