(at the request of House Interim Committee on Business and Labor)
Chief Sponsors:
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Regular Sponsors:
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Bill Title:
Relating to pawnbrokers; and declaring an emergency.
Catchline/Summary:
Permits pawnbroker to charge pledgor $1 fee to renew placement of firearm with pawnbroker.Provides that city or county may not require precious metal secondhand dealer that is also pawnbroker to provide photograph of item of precious metal acquired in transaction.
Permits pawnbroker to charge pledgor $1 fee to renew placement of firearm with pawnbroker.
Changes required delivery method for notice that pledgor is at risk of forfeiting pledge that secures loan of $1,500 or more from certified mail to regular mail. Requires pawnbroker to bear postal expenses for mailing notice.
Specifies that pledgor's grace period in which to redeem pledge or renew loan is 30 days after loan period expires or 30 days after mailing date of notice, whichever date is later.
Becomes operative July 1, 2014.
Declares emergency, effective on passage.
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