92nd General Assembly
Summary of HB2539
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Short description: 
PAWN BROKERS-RECORDS-INJUNCTIO                                             

Synopsis of Bill as introduced:
        Amends the Pawnbroker Regulation Act. Authorizes the Commissioner      
   by Banks and Real Estate to obtain an injunction to enforce  the  Act.      
   Removes  the  requirement  that the Commissioner have cause to believe      
   that unlawful activity is occurring before examining the affairs of  a      
   pawnshop.  Requires  pawnbrokers  to  record  the serial number of all      
   items pledged, not only  those  required  to  bear  a  serial  number.      
   Authorizes  the  Commissioner  to inspect the records of a pawnbroker.      
   Requires records to be maintained for 3 years. Increases the penalties      
   for operating a pawnshop without a license. Effective immediately.          
Last action on Bill: PUBLIC ACT.............................. 92-0215

   Last action date: AUG-02-2001

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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