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MO HB30
Bill
Status
1/5/2011
Primary Sponsor
Michael Corcoran
Click for details
AI Summary
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Law enforcement officers may request that pawnbrokers not sell property for 10 days, which can be made verbally, electronically, by fax, or by other designated means.
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Law enforcement officers may inspect property at pawnshops during regular business hours without a search warrant and may issue hold orders when they have probable cause to believe goods are misappropriated.
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Hold orders must contain specific information including the pawnbroker's name, property description with serial numbers, issuing officer details, and expiration date, and must be signed by both the officer and pawnbroker.
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The initial hold period cannot exceed two months but may be extended for up to two successive one-month periods with written notification before expiration.
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Gross negligence or willful noncompliance by a pawnbroker with these provisions can result in license suspension or revocation, subject to appeal rights.
Legislative Description
Allows a law enforcement officer to request that certain property used to secure personal credit loans from pawnbrokers not be sold for 10 days of the request
Last Action
Referred: Small Business (H)
1/20/2011