Pawnbrokers and secondhand dealers; adds regulation thereof to current statutes regulating. (SB1176)

Introduced By

Sen. Ken Stolle (R-Virginia Beach)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Pawnbrokers and secondhand dealers. Adds the regulation of secondhand dealers and secondhand stores to current statutes regulating pawnbrokers. The bill also (i) requires secondhand dealers to prepare a daily report of goods and items sold to them, (ii) requires a pawnbroker to maintain records of each loan or transaction in the course of business for a period of one year, (iii) requires pawnbrokers and secondhand dealers to obtain a single thumbprint of the person pawning or selling an item, and (iv) authorizes localities to enact an ordinance requiring pawnbrokers and secondhand dealers to report their daily transactions electronically to a designated law-enforcement official of the locality. The bill adds secondhand dealers to the existing penalty provisions for pawnbrokers. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/10/2007Prefiled and ordered printed; offered 01/10/07 071534820
01/10/2007Referred to Committee on General Laws and Technology