Loading chat...
MS HB1220
Bill
Status
2/1/2022
Primary Sponsor
Henry Zuber
Click for details
AI Summary
-
Requires pledgors or sellers at pawnshops to provide a "bona fide proof of ownership" (such as a bill of sale, receipt, certificate of title, or similar document) verifying they are the rightful owner of goods being pawned or sold
-
Defines "transactional information" that pawnbrokers must maintain and provide to law enforcement, including clear item descriptions with model/serial numbers, original pawn transaction date, and maturity date
-
Mandates pawnbrokers provide complete transactional records to law enforcement agencies within 72 hours via electronic transmission or computer disc if appropriate software/hardware is available
-
Purchased goods must be held on premises for at least 14 calendar days if records are shared electronically with law enforcement, or 21 calendar days otherwise
-
Effective date: July 1, 2022
Legislative Description
Bona fide proof of ownership; provide that certain transactions shall include.
Last Action
Died In Committee
2/1/2022