HB689 Alabama 2012 Session

Updated Jul 25, 2021

Summary

Primary Sponsor: Patricia Todd
Democrat
Session: Regular Session 2012
Title: Pawnshops, manufactured home titles, land deeds and real estate not pledged goods, fees increased, regulation, confiscation of property by local law enforcement, Secs. 5-19A-2, 5-19A-7, 5-19A-8, 5-19A-11, 5-19A-15, 5-19A-19 am'd
Description: Under existing law, the Alabama Pawnshop Act governs pawn transactions.
This bill would clarify that vehicle and manufactured home titles, land deeds, and real estate are not pledged goods; require certain conditions regarding renewed pawn transactions; clarify prohibited acts regarding maintaining pledged goods; increase the license and investigation fees; provide for regulations; clarify the procedures related to the confiscation of property by local law enforcement; and clarify that no additional fees relating to the reporting of a pawn transaction may be imposed.
Subjects: Pawnshops

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