HB421 Alabama 2013 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2013
Title
Pawns, further regulate pawn transactions, Secs. 5-19A-2 am'd.; Secs. 5-19A-21, 5-19A-22, 5-19A-23, 5-19A-24, 5-19A-25 added
Description
Under existing law, a motor vehicle title may be pawned
This bill would define the term "title pawn." This bill would require that certain pawn transactions involving motor vehicles would have to be printed on the pawn ticket and in a certain size
This bill would impose limits on repossession fees
To amend Section 5-19A-2 of the Code of Alabama 1975, to define the term "title pawn," and to add new Sections 5-19A-21, 5-19A-22, 5-19A-23, 5-19A-24, and 5-19A-25 to the Code of Alabama 1975, to require that certain pawn transactions involving motor vehicle would have to be printed on the pawn ticket and in a certain size, and to impose limits on repossession fees.
Subjects
Pawn Transactions
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 7, 2013 | H | Indefinitely Postponed |
| March 20, 2013 | H | Pending third reading on day 16 Favorable from Financial Services with 1 substitute |
| March 20, 2013 | H | Read for the second time and placed on the calendar with 1 substitute and |
| March 7, 2013 | H | Read for the first time and referred to the House of Representatives committee on Financial Services |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB421 Alabama 2013 Session - Introduced |