HB488 Alabama 2012 Session

Updated Jul 25, 2021

Summary

Primary Sponsor: Allen TreadawayRepresentative
Republican
Session: Regular Session 2012
Title: Pawnshops, law enforcement agencies, pawnbrokers to make and retain copy of personal indentification card, personal ID card defined, pawnbrokers to report pawn transactions from previous by noon each day, excluding weekends and state holidays, Secs. 5-19A-2, 5-19A-3, 5-19A-5 am'd
Description: Under existing law, there is no requirement that a pledgor or seller present a personal identification card to a pawnbroker prior to engaging in a pawn transaction. Existing law does not provide for acceptable forms of identification.
A pawnbroker must maintain a record of all pawn transactions on the premises and make a record of the transactions available to the appropriate law enforcement agency.
This bill would provide a definition for personal identification card and would require a pawnbroker to make and retain a copy of the personal identification card of a pledgor or seller for each pawn transaction.
This bill would require a pawnbroker to electronically submit a record of all pawn transactions from the previous day to the appropriate law enforcement agency by noon each day or on the next business day after Saturdays, Sundays, and state holidays.
Subjects: Pawnshops

Read for the first time and referred to the House of Representatives committee on Financial Services