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MO HB2793
Bill
Status
3/15/2016
Primary Sponsor
Caleb Jones
Click for details
AI Summary
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Adds a new definition of "gift card" to Missouri pawnbroker statutes, defined as a card, voucher, or certificate representing a specific monetary amount issued by a retailer or bank for use as an alternative to cash
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Prohibits pawnbrokers from purchasing, pawning, receiving, selling, or exchanging any gift card with a balance exceeding $100 from any individual
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Limits total gift card transactions to $300 in aggregate per individual within any 30-day period
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Creates new section 367.065 in Missouri Revised Statutes to establish these gift card restrictions on pawnbroker businesses
Legislative Description
Changes the laws regarding pawnbrokers so that pawnbrokers cannot buy, sell, or exchange gift cards
Last Action
Referred: Emerging Issues(H)
5/13/2016