Kentucky
General Assembly

12/16/11	Prefiled by the sponsor(s).
01/03/12	introduced in House to Banking & Insurance (H)
01/20/12	posted in committee
02/15/12	reported favorably, 1st reading, to Calendar with Committee Substitute
02/16/12	2nd reading, to Rules
02/21/12	floor amendment (1) filed to Committee Substitute, floor amendment (2-title) filed
02/24/12	taken from Rules placed in the Orders of the Day
02/28/12	floor amendment (3) filed to Committee Substitute
03/01/12	floor amendment (4) filed to Committee Substitute
03/23/12	taken from the Regular Orders of the Day recommitted to Appropriations & Revenue (H)

Amendment	House Committee Substitute 1
Summary	Delete original provisions; amend KRS 226.010 to define “permitted user” and “pledgor”; amend KRS 226.040 to require the register of loans and purchases maintained by a pawnbroker contain an identification number from a valid driver’s license or other government-issued identification card containing the name, photograph and signature of the pledgor and the time and date of the transaction; delete the requirement that the register be open to inspection at all times and substitute during normal business hours in lieu thereof; prohibit a pawnbroker from doing business with a pledgor who does not provide the required identification; require pawnbrokers to make a record at the end of each business day of the information contained in the register for transmission to the state police; authorize transmission of records in digital or electronic format in addition to paper format; prohibit assessment of a fee against a pawnbroker for delivery of the required daily record to the state police; establish confidentiality of all information provided electronically or in paper format to law enforcement by a pawnbroker as required by this act and exempt from the open record statutes; amend KRS 226.050 to authorize a pawnbroker to electronically notify a pledgor, if electronic communication is agreed to by the pledgor, that the loan period has expired and the pledgor has ten days to redeem the article and authorize a pawnbroker to sell any precious metal or gemstone sold to the pawnbroker 30 days from the date of the purchase receipt; amend KRS 226.070 to add urban county governments and consolidated local governments to the list of local government units whose chief law enforcement officer receive a copy of a pawnbrokers report, make technical and conforming amendments and specify that no fee shall be assess against a pawnbroker for submission of documentation to the state police; create a new section of KRS Chapter 17 to require the Department of Kentucky State Polish to establish or contract for a pawnbroker transaction database to maintain all information related to pawnbroker transactions in the Commonwealth; establish basic design requirements for the database; authorize the department to enter into contracts with vendors to establish and maintain the database, subject to KRS Chapter 45A; require that the database and information in the database be accessible only to permitted users; and require the department to promulgate administrative regulations to implement this section and to provide for orderly receipt of pawnbroker records required by this Act.
Index Headings	Local Mandate - Pawnbrokers, precious metals and gemstones, receipt and disposal Loans and Credit - Pawnbrokers, precious metals and gemstones, receipt and disposal Peace Officers and Law Enforcement - Pawnbrokers, precious metals and gemstones, receipt and disposal Police, State - Pawnbrokers, background checks, precious metals and gemstones Trade Practices and Retailing - Pawnbrokers, precious metals and gemstones, receipt and disposal Advertising - Pawnbrokers, precious metals and gemstones Civil Actions - Pawnbrokers, precious metals and gemstones, receipt and disposal Crime Victims - Precisous metals and gemstones, pawnbrokers, receipt of

Amendment	House Floor Amendment 1
Sponsor	B. Montell
Summary	Retain original provisions, except amend KRS 433.890 to provide that any person, except retailers and dealers in junk, that advertises for the purchase of precious metals or gemstones shall be required to maintain a register of each transaction, permit law enforcement officers to examine the register, and, upon request of the head of the local law enforcement agency, provide a report of transactions using a form to be downloaded from the Department of Kentucky State Police Web site; amend KRS 433.892, 433.894, and 433.896 to conform.
Index Headings	Local Mandate - Pawnbrokers, precious metals and gemstones, receipt and disposal Loans and Credit - Pawnbrokers, precious metals and gemstones, receipt and disposal Peace Officers and Law Enforcement - Pawnbrokers, precious metals and gemstones, receipt and disposal Police, State - Pawnbrokers, background checks, precious metals and gemstones Trade Practices and Retailing - Pawnbrokers, precious metals and gemstones, receipt and disposal Advertising - Pawnbrokers, precious metals and gemstones Civil Actions - Pawnbrokers, precious metals and gemstones, receipt and disposal Crime Victims - Precisous metals and gemstones, pawnbrokers, receipt of

Amendment	House Floor Amendment 2
Sponsor	B. Montell
Summary	Make title amendment.
Index Headings	Local Mandate - Pawnbrokers, precious metals and gemstones, receipt and disposal Loans and Credit - Pawnbrokers, precious metals and gemstones, receipt and disposal Peace Officers and Law Enforcement - Pawnbrokers, precious metals and gemstones, receipt and disposal Police, State - Pawnbrokers, background checks, precious metals and gemstones Trade Practices and Retailing - Pawnbrokers, precious metals and gemstones, receipt and disposal Advertising - Pawnbrokers, precious metals and gemstones Civil Actions - Pawnbrokers, precious metals and gemstones, receipt and disposal Crime Victims - Precisous metals and gemstones, pawnbrokers, receipt of

Amendment	House Floor Amendment 3
Sponsor	S. Riggs
Summary	Reduce the required number of days from 30 to 15 from the date of the purchase receipt before a pawnbroker may sell any precious metal or gemstone.
Index Headings	Local Mandate - Pawnbrokers, precious metals and gemstones, receipt and disposal Loans and Credit - Pawnbrokers, precious metals and gemstones, receipt and disposal Peace Officers and Law Enforcement - Pawnbrokers, precious metals and gemstones, receipt and disposal Police, State - Pawnbrokers, background checks, precious metals and gemstones Trade Practices and Retailing - Pawnbrokers, precious metals and gemstones, receipt and disposal Advertising - Pawnbrokers, precious metals and gemstones Civil Actions - Pawnbrokers, precious metals and gemstones, receipt and disposal Crime Victims - Precisous metals and gemstones, pawnbrokers, receipt of

Amendment	House Floor Amendment 4
Sponsor	K. Hall
Summary	Retain original provisions, except reduce from thirty (30) days to fifteen (15) days the period of time that a pawnbroker must hold purchased precious metals or gemstones prior to resale.
Index Headings	Local Mandate - Pawnbrokers, precious metals and gemstones, receipt and disposal Loans and Credit - Pawnbrokers, precious metals and gemstones, receipt and disposal Peace Officers and Law Enforcement - Pawnbrokers, precious metals and gemstones, receipt and disposal Police, State - Pawnbrokers, background checks, precious metals and gemstones Trade Practices and Retailing - Pawnbrokers, precious metals and gemstones, receipt and disposal Advertising - Pawnbrokers, precious metals and gemstones Civil Actions - Pawnbrokers, precious metals and gemstones, receipt and disposal Crime Victims - Precisous metals and gemstones, pawnbrokers, receipt of