Last Action | to Veterans, Military Affairs, & Public Protection (S) |
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Title | AN ACT relating to pawnbrokers. |
Bill Documents |
Bill
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Bill Request Number | 821 |
Sponsors | R. Webb, R. Thomas |
Summary of Original Version | Amend KRS 226.040 to expand requirements of pawnbroker registry; establish that a pawnbroker registry must include proof of verification of seller identity; require a signed statement of ownership on the part of the seller; require that this statement include notice that signing a false statement in regards to the ownership of property may be a violation of KRS Chapter 514; prohibit a pawnbroker from conducting business with a seller who is unable or refuses to provide identification; limit the inspection of a pawnbroker’s registry by law enforcement to normal business hours; provide that these registry requirements are in addition to any recordkeeping requirements mandated by local ordinance; create a new section of KRS Chapter 226 to require pawnbrokers to create and maintain a record of sale for use by law enforcement; require that the record of sale information be made available upon request to an officer of the Commonwealth in the discharge of his or her official duty; provide that this information is confidential; prohibit the use of a record of sale for anything but criminal investigation by law enforcement; amend KRS 226.050 to allow for the electronic transmission of notice of sale; amend KRS 226.070 to expand the pawnbroker's duty to make a report of all goods received to law enforcement to include pawnbrokers located in an urban-county or consolidated local government area. |
Index Headings of Original Version |
Loans and Credit - Pawnbroker, electronic communication, notice of sale Loans and Credit - Pawnbroker, identification requirements, registry Local Government - Pawnbroker, law enforcement, changes to reporting requirement Peace Officers and Law Enforcement - Pawnbrokers, changes to registry requirements Police, City and County - Pawnbroker, changes to registry requirements Police, State - Pawnbroker, changes to registry requirements Sales - Pawnbroker, verification requirements, registry Trade Practices and Retailing - Pawnbroker, electronic communication, notice of sale Trade Practices and Retailing - Pawnbroker, verification requirements, prohibition against sale or deposit of collateral Consolidated Local Governments - Pawnbroker, law enforcement, changes to reporting requirements Counties, Urban - Pawnbroker, law enforcement, changes to reporting requirements |
03/06/14 |
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03/11/14 |
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Last updated: 8/27/2019 6:52 PM (EDT)