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IL HB0101

Bill

Status

Passed

8/16/2013

Primary Sponsor

William Davis

Click for details

Origin

House of Representatives

98th General Assembly

AI Summary

  • Increases maximum civil penalties for pawnbroker violations from $1,000 to $10,000 per day of violation.

  • Expands penalty authority to include violations of any State or federal law affecting pawnbrokers, not just Act violations.

  • Amends Section 4 to require pawnbrokers to deliver a signed memorandum to customers that includes the loan amount (removing reference to "value of things loaned").

  • Makes pronouns gender-neutral in pawnbroker documentation requirements by changing "him" to "him or her."

  • Establishes the Secretary of Financial and Professional Regulation as administrator of the Pawnbroker Regulation Act with powers to enforce regulations, impose penalties, revoke licenses, and conduct examinations.

Legislative Description

PAWNBROKER FOIA EXEMPTION

Last Action

Public Act . . . . . . . . . 98-0357

8/16/2013

Committee Referrals

Executive4/3/2013
Assignments3/15/2013
Business Occupational Licenses1/30/2013
Rules1/10/2013

Full Bill Text

No bill text available