Pawnshop owners could see stricter regulations in cash exchanges

2 years 7 months 4 weeks ago Monday, March 21 2016 Mar 21, 2016 Monday, March 21, 2016 5:55:00 PM CDT March 21, 2016 in News
By: Taylor Stevens, KOMU 8 Reporter
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COLUMBIA - The Columbia City Council discussed changes to pawnshop operations Monday night as an attempt to aid police investigations and deter crime.

The amendment revisions would require pawnshops to take photographs of all pawned items and of people pawning the items in exchange for cash. The changes would also require a 7-day waiting period in between the purchase and sale of items in the pawnshop.

Dan Trim owns Tiger Pawn in Columbia, and he said his business already implemented some of the revisions. He said his main concern with the revisions is their target population.

"My problem with the amendment is if it's totally geared at pawnshops," Trim said. "I'd like to see some of the other stores, like the used sports equipment stores and used musical instrument stores and flea markets, I'd like to see some of those folks raised to the same standards that we're being held to."

Trim also said customers might think of the regulations as intrusive, and he said the provisions would affect his law-abiding customers more so than the criminal ones. 

"Rather than deterring crime in general, I think it's decentivizing people to bring it to a pawnshop where everything is recorded and posted," Trim said. "It might incentivize them to take it to a place where they don't have to show an ID, where they don't have to take a picture of them."

Second Ward Councilman Michael Trapp proposed the changes and said it would help "aid in the investigation and recovery of stolen property." Trim said he thinks it's possible the revisions wouldn't achieve this desired effect.

"If I were a victim, I would hope that my stuff ended up in a pawnshop, because that would be the only way I would get it back, and it would lead to an arrest," Trim said. "What I hope it doesn't do is send those folks who may have stolen something, and they sell it on the street and we don't have an ID or something to give to police officers, and a victim doesn't get their stuff back."

Trapp's description of the revisions also said they would act as a "deterrent to crime." Trim said he disagrees.

"I don't know that you're going to be able to deter crime in the few revisions that they're asking pawnshops to do," Trim said. "Crime is going to exist anyway."

At the council meeting, most of the council members said they had concerns with the proposed changes at the meeting. Mayor Bob McDavid said the revisions needed "tightened up" to better align with state statutes.

The council tabled the vote to the first meeting in June.

[Editor's Note: This story has been updated with information from the meeing.]

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