HB 1323 Summary

• Transfers regulation of secondhand dealers from the Department of Revenue to the Department of Agriculture and Consumer Services

• Establishes a statewide central database for pawnbroker and secondhand dealer transactions, with pawnbrokers and secondhand dealers required to electronically transfer transaction data by noon each business day

• Increases registration and renewal fees for secondhand dealers (up to $300 registration, $300-$1,300 annual renewal based on transaction volume) and pawnbrokers (up to $500 registration, $500-$1,500 annual renewal based on transaction volume)

• Requires digital color photographs of both goods and customers in secondhand dealer and pawnbroker transaction forms, and extends the recordkeeping requirement for secondhand dealers to 3 years while reducing the transaction hold period to 1 year

• Creates an eight-member oversight board for the database consisting of industry representatives and law enforcement officials, prohibits database contractors from having financial interests in pawnbrokers or secondhand dealers, and prohibits charging law enforcement agencies for database access