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MO HB1245

Bill

Status

Introduced

1/6/2010

Primary Sponsor

David Sater

Click for details

Origin

House of Representatives

2010 Regular Session

AI Summary

  • Law enforcement officers may request that pawnbrokers not sell property for 10 days, which can be done verbally, electronically, by fax, or by other designated means.

  • Law enforcement officers with probable cause may place a hold order on property they believe is misappropriated, which must include the officer's name and identification, pawnshop location, property description with serial numbers, and expiration date.

  • Initial hold orders may not exceed 2 months, with the possibility of two successive 1-month extensions upon written notification before expiration.

  • Upon hold order expiration, pawnbrokers must notify the issuing law enforcement officer that title will vest in the pawnbroker after a 10-day waiting period.

  • Gross negligence or willful noncompliance with these provisions by a pawnbroker may result in license suspension or revocation.

Legislative Description

\llows law enforcement officers to request that certain property used to secure personal credit loans from pawnbrokers not be sold for 10 days of the request

Last Action

Refer: Spec Stand Com on Pro. Registration & Licensing (H)

1/27/2010

Full Bill Text

No bill text available