205 ILCS 510/0.05
205 ILCS 510/5 from Ch. 17, par. 4655
205 ILCS 510/6 from Ch. 17, par. 4656
205 ILCS 510/11 from Ch. 17, par. 4661
Amends the Pawnbroker Regulation Act. Authorizes the Commissioner
by Banks and Real Estate to obtain an injunction to enforce the Act.
Removes the requirement that the Commissioner have cause to believe
that unlawful activity is occurring before examining the affairs of a
pawnshop. Requires pawnbrokers to record the serial number of all
items pledged, not only those required to bear a serial number.
Authorizes the Commissioner to inspect the records of a pawnbroker.
Requires records to be maintained for 3 years. Increases the penalties
for operating a pawnshop without a license. Effective immediately.
FEB-26-2001 H FILED WITH CLERK
FEB-27-2001 H FIRST READING
FEB-27-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES
FEB-28-2001 H MOTION FILED PURSUANT TO HOUSE
FEB-28-2001 H RULE 60(B), I MOVE
FEB-28-2001 H TO TABLE HB 2543
FEB-28-2001 H -SAVIANO
FEB-28-2001 H MOTION PREVAILED
FEB-28-2001 H TABLED BY SPONSOR HRUL
END OF INQUIRY
Full Text Bill Summary