HB536 Alabama 2014 Session

Summary

Primary Sponsor

Allen TreadawayRepresentative

Republican

Session

Regular Session 2014

Title

Alabama Pawnshop Act, additional information required to be maintained in record of transactions, Sec. 5-19A-5 am'd.

Summary

HB536 would require Alabama pawnshops to collect more identifying information about pawned goods, verify ownership, maintain detailed transaction records, and hold items longer before resale.

What This Bill Does

Pawnbrokers must obtain and keep additional identifying details about pawned or purchased items and maintain thorough transaction records. The pledgor or seller must sign a statement verifying ownership and receive a pawn ticket copy signed or initialed by the pawnbroker. Records must be available to law enforcement, and goods must remain on the pawnbroker's premises for 15 business days before resale (21 days for vehicles). The act would take effect immediately after the governor approves it.

Who It Affects

• Pawnbrokers/licensees: required to collect more identifying information, maintain enhanced records, and hold goods for set periods; and make records available to law enforcement.
• Pledgors/Sellers (customers): must sign a verification of ownership and receive a copy of the pawn ticket.

Key Provisions

• Amends Section 5-19A-5 to require pawnbrokers to obtain and maintain additional identifying information for pawned goods, such as brand name, model/serial number, precious metal type, gemstone description, or other identifying marks.
• Pledgor or seller must sign a statement verifying rightful ownership and receive an exact pawn-ticket copy signed or initialed by the pawnbroker or an employee.
• Pawnbrokers must maintain a record of all pledged or purchased goods on the premises, and provide the records to the appropriate law enforcement agency; records must be a correct copy of the entries except for cash amounts and monthly charges.
• Goods (except automobiles/trucks and similar vehicles) must be kept on premises for at least 15 business days before resale; vehicles must be kept for 21 calendar days. The act becomes effective immediately after governor's approval.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Pawnshops