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2011 SESSION

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HB 1709 Pawnbrokers and precious metals dealers; records required to be maintained.

Introduced by: Donald W. Merricks | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Pawnbrokers and precious metals dealers; records required to be maintained.  Requires pawnbrokers and precious metals dealers to take a photograph or digital image of (i) the person pawning or pledging or selling an article, precious metal or gem at the time of the transaction; (ii) the identification used by the person in the transaction; and (iii) the article, precious metal or gem pawned or pledged or sold. The bill provides for pawnbrokers to retain a pawned or pledged item and for precious metal dealers to retain precious metals or gems purchased for 60 days.  Currently pawnbrokers are required to retain an item for 45 days and precious metal dealers for 10 days.


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