Bill Title: Amends the Pawnbroker Regulation Act. Provides that every pawnbroker shall record an accurate account and description of all goods, articles, and other things purchased or received for the purpose of resale or loan collateral by the pawnbroker from any source, including other pawnshop locations owned by the same pawnbroker, not in the course of a pledge or loan, the time of such purchase or receipt and the name and address of the person or business which sold or delivered such goods, articles, or other things to the pawnbroker. Further provides that no personal property received on deposit or pledge or purchased by any pawnbroker shall be sold or permitted to be redeemed or removed from the place of business or transferred to another pawnshop location of such pawnbroker for a period of 7 days (rather than 48 hours) after the delivery of the copy and statement required by the Act. Prohibits any pawnbroker from receiving or purchasing any article if the serial number or manufacturer's identification number on the article has been altered or removed in any way.

Spectrum: Moderate Partisan Bill (Democrat 5-1)

Status: (Passed) 2015-07-29 - Public Act . . . . . . . . . 99-0188 [SB1820 Detail]

Text: Latest bill text (Chaptered) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Don Harmon [D]	Primary	Sponsored Bills	SD-039	FollowTheMoney	Ballotpedia	VoteSmart
Senator Pamela Althoff [R]	Cosponsor	Sponsored Bills	SD-032	FollowTheMoney	Ballotpedia	VoteSmart
Senator Toi Hutchinson [D]	Cosponsor	Sponsored Bills	SD-040	FollowTheMoney	Ballotpedia	VoteSmart
Senator Emil Jones [D]	Cosponsor	Sponsored Bills	SD-014	FollowTheMoney	Ballotpedia	VoteSmart
Senator Donne Trotter [D]	Cosponsor	Sponsored Bills	SD-017	FollowTheMoney	Ballotpedia	VoteSmart
Representative Camille Lilly [D]	Primary	Sponsored Bills	HD-078	FollowTheMoney	Ballotpedia	VoteSmart

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