HB488 Alabama 2012 Session

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

To amend Sections 5-19A-2, 5-19A-3, and 5-19A-5, Code of Alabama 1975, relating to pawnshops; to require a pawnbroker to make and retain a copy of the personal identification card of a pledgor or seller for each pawn transaction; to provide a definition for personal identification card; and to require a pawnbroker to electronically submit a record of all pawn transactions to the appropriate law enforcement agency.