(A) On or before Tuesday of each week, every pawnbroker or precious metal dealer shall report the description of all property received in pledge or purchased as a pawnbroker or precious metal dealer during the preceding calendar week, in whatever quantity received. Such report shall include all property purchased as secondhand merchandise at wholesale, secondhand merchandise taken in for sale or possessed on consignment for sale, and secondhand merchandise taken in trade. No such report need be made concerning property or merchandise acquired from another pawnbroker or precious metal dealer licensed in this state in a transaction involving the purchase or other acquisition from the other pawnbroker or precious metal dealer of the other pawnbroker’s or dealer’s stock in trade, or a substantial part thereof in bulk, where the other pawnbroker has made the reports required by this section with respect to such property or merchandise.

(B) A transaction required to be reported under this section shall be submitted to the chief of police.

(C) All reports made pursuant to this section shall comply with and be submitted in a format approved by the chief of police. Reports shall be submitted in a computer software format that meets the hardware and software specifications of the Olathe Police Department. If the pawnbroker or precious metal dealer is unable to submit reports, chooses not to submit their reports through the approved computer software, or in a way that does not meet the Police Department specifications, then the reports will be entered and/or modified by the Department and a fee shall be charged to the pawnbroker or precious metal dealer.

(D) Every precious metal dealer shall retain in the dealer’s possession for a period of fifteen days all precious metal purchased as a precious metal dealer, and such metal shall remain in the condition in which it was purchased. The fifteen-day period shall commence on the date that the police chief receives the report of its acquisition in compliance with this section. If the police chief has probable cause to believe that any precious metal reported by a dealer has been stolen, the police chief may give written notice to the dealer to retain such metal for an additional period of fifteen days. Upon such notice, the dealer shall retain such metal in an unaltered condition for the additional fifteen-day period unless the police chief notifies the dealer in writing that the waiting period is terminated at an earlier time.

(E) Reports made pursuant to this section shall be available for inspection only by law enforcement officers and county and district attorneys and their employees, for law enforcement purposes. (Ord. 05-71 § 1, 2005; Ord. 02-86 § 2, 2002; Ord. 81-106 § 1 (part), 1981.)