Edison licenses dealers in precious metals, gems, secondhand goods, and pawnbrokering through Code Β§11-16. The annual fee for the precious-metals/secondhand license is $100, the license year runs January 1 through December 31, and applications are made to the Township Clerk's office. Pawnbrokers pay a separate $15 annual fee. Used-electronic-equipment dealers are separately licensed and must hold purchased items for at least 20 days before altering, reselling, or disposing of them. Statewide, the New Jersey Precious Metals law at N.J.S.A. 51:6A-1 et seq. and the Pawnbroker Act at N.J.S.A. 45:22-1 et seq. layer reporting and recordkeeping duties on top of the Edison license.
Edison's secondhand-dealer regime is split across several sections of Chapter 11 (General Licensing and Business Regulations) of the Code. The most important is Β§11-16, which provides licensing and regulation of individuals dealing in precious metals, gems, secondhand goods, and pawnbrokering 'to protect the residents of Edison.' The annual license fee under Β§11-16 is $100 for one year commencing January 1 and expiring December 31; applications are filed with the Township Clerk's office and require, among other things, identification, fingerprinting, and a description of the place of business. Pawnbroker activity is separately addressed under Chapter 11 with a $15 annual fee (administered alongside the state pawnbroker license issued by the New Jersey Department of Banking and Insurance under N.J.S.A. 45:22-1 et seq.); the pawnbroker license is distinct from the Β§11-16 secondhand license but the same dealer often holds both. Edison's framework imposes core operational duties consistent with the New Jersey Precious Metals law at N.J.S.A. 51:6A-1 et seq.: written daily transaction reports filed with Edison Police, retention of purchased goods for a specified holding period before resale or alteration (the Edison used-electronic-equipment provision sets a 20-day minimum holding period, and the state precious-metals law sets a similar holding period for purchased precious metals), seller-identification capture, and lawful-source representations. The framework also incorporates the NJ Consumer Affairs Precious Metals Guide for Law Enforcement standards, which articulate the records that must accompany every transaction. Edison's Division of Police inspects the transaction records and may seize items reasonably believed to be stolen for return to the rightful owner under the standard police-property procedure. The Chapter 11 framework is enforced by Edison Police and the Township Clerk; the parallel state regimes are enforced by the NJ Department of Banking and Insurance (pawnbrokers) and the NJ Division of Consumer Affairs (precious metals).
Operating as a secondhand dealer, pawnbroker, or precious-metals dealer in Edison without the Chapter 11 license is unlawful; first-offense penalties run under the Chapter 1 Β§1-5 framework (up to $2,000 and/or community service, or up to 90 days imprisonment, in the typical New Jersey municipal-court range), and each day of continued violation is chargeable as a separate offense. Failure to file the daily transaction report, failure to observe the holding period (20 days for used electronics; the state precious-metals holding period for jewelry and coins), and failure to verify seller identity are independently chargeable. The state Pawnbroker Act allows the NJ Department of Banking and Insurance to suspend or revoke the state pawnbroker license under N.J.S.A. 45:22-3, which has the practical effect of closing the business; the state Precious Metals law allows NJ Consumer Affairs to pursue similar action. Goods reasonably believed to be stolen may be seized by Edison Police pending claim by the rightful owner.
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