Cheyenne secondhand dealers and pawnbrokers must register with the city, maintain transaction logs, hold purchased property for police inspection, and report transactions to assist Cheyenne PD recovery of stolen property.
Cheyenne regulates secondhand dealers, pawnbrokers, and precious metal buyers through Title 3 business regulation provisions. Dealers must maintain detailed transaction records including seller ID verification, item descriptions, and serial numbers. Many transactions must be reported to Cheyenne Police through electronic systems like LeadsOnline. Holding periods of 10 to 30 days typically apply before resale, allowing law enforcement time to investigate stolen property. Pawnbrokers face additional state licensing under Wyo. Stat. Title 34. Failure to maintain records or report transactions triggers license suspension and possible criminal charges for receiving stolen property.
Failing to log transactions, skipping ID verification, violating holding periods, or knowingly receiving stolen property triggers license revocation, fines, and possible felony charges.
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