Current through Chapter 61 of the 2024 Legislative Session and 2024 Executive Orders 125, 133 through 135
Section 08.76.590 - DefinitionsIn AS 08.76.100 - 08.76.590,
(1) "amount financed" means the amount of money, excluding a finance fee, charged by a pawnbroker for a pawn transaction;(2) "business" includes advertising;(3) "claim" means a claim under AS 08.76.370;(4) "claimant" means a person who makes a claim;(5) "department" means the Department of Commerce, Community, and Economic Development;(6) "evidentiary hold order" means an evidentiary hold order authorized under AS 08.76.330;(7) "finance fee" means all the amounts that a pawnbroker may charge under AS 08.76.210;(8) "governmental fee" means a fee imposed by a governmental agency on a pawnbroker to hold or transfer a firearm or conduct a background check required by the governmental agency;(9) "grace period" means the 30-day period after a maturity date during which a pawnbroker is required by AS 08.76.270 (b) to retain possession of pledged property;(10) "hold order" means a police hold order or an evidentiary hold order;(11) "identification" means(A) a government-issued identification document that contains a photograph; or(B) an electronic image of a document identified under (A) of this paragraph;(12) "knowingly" has the meaning given in AS 11.81.900;(13) "law enforcement agency" means (A) the police department of a municipality where a pawnshop is located;(B) the Department of Law;(C) the Department of Public Safety;(14) "law enforcement officer" means (A) a police officer of the municipality where a pawnshop is located; or(B) a state trooper if a pawnshop is located in the unorganized borough or if a pawnshop is located in a municipality that does not provide police protection services;(15) "law enforcement report" means a report required by AS 08.76.410;(16) "lease" means any form of rental;(17) "license" means a license to engage in business as a pawnbroker issued under AS 08.76.110;(18) "licensee" means a person who holds a license;(19) "maturity date" means the date by which a pledgor is required to pay a pawnbroker the amount financed and the finance fee for a pawn transaction, but does not include a grace period;(20) "misappropriated" means pledged or sold to a pawnbroker(A) after being stolen; or(B) while being leased to the pledgor or seller by another person if the property has a permanent label or other conspicuous mark identifying it as another person's property;(21) "pawnbroker" means a person who lends money in exchange for a pledge of property;(22) "pawnbroker transaction" means a pawn transaction or purchase;(23) "pawn transaction" means a pledge given in exchange for a loan by a pawnbroker;(24) "personal property" means tangible personal property, but does not include a security, a title to property, a deed, a bill of sale, or printed evidence of indebtedness;(25) "pledge" means a deposit of property as security for payment of financial obligations to a pawnbroker in a pawn transaction;(26) "pledged property" means the property that is pledged in a pawn transaction;(27) "pledgor" means (A) a person who delivers property to a pawnbroker for a pawn transaction; or(B) the principal, if the person who delivers property to a pawnbroker for a pawn transaction discloses that the delivery person is acting for a principal;(28) "police hold order" means a hold order authorized under AS 08.76.320;(29) "property" means personal property;(30) "purchase" means a purchase of property by a pawnbroker that is not a pawn transaction;(31) "redeem" means to obtain the return of pledged property under AS 08.76.270;(32) "register" means the register required to be maintained by AS 08.76.180;(33) "registration fee" means a fee for registering a firearm;(34) "seller" means a person who sells property to a pawnbroker, but does not include a pledgor;(35) "transaction agreement" means the transaction agreement required by AS 08.76.200.