SB531 Alabama 2012 Session
In Committee
Bill Summary
Sponsors
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
<p class="bill_description"> Under existing law, the Alabama Pawnshop Act
governs pawn transactions</p><p class="bill_description">
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</p><p class="bill_entitled_an_act"> To amend Sections 5-19A-2, 5-19A-7, 5-19A-8,
5-19A-11, 5-19A-15, and 5-19A-19 of the Code of Alabama 1975,
relating to the Alabama Pawnshop Act; to clarify that vehicle
and manufactured home titles, land deeds, and real estate are
not pledged goods; to require certain conditions regarding
renewed pawn transactions; to clarify the prohibited acts
regarding maintaining pledged goods; to increase the license
and investigation fees; to provide for regulations; to clarify
the procedures related to the confiscation of property by
local law enforcement; and to clarify that no additional fees
relating to the reporting of a pawn transaction may be
imposed.
</p>
Subjects
Pawnshops
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 17, 2012 | Read for the first time and referred to the Senate committee on Banking and Insurance |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB531 Alabama 2012 Session - Introduced |