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Alaska Statutes.

Title 8. Business and Professions

Chapter 76. Pawnbrokers and Secondhand Dealers

Section 590. Definitions.

AS 08.76.590. Definitions.

In 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.