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Rep. Patricia R. Bellock
Filed: 1/3/2013
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| 1 | | AMENDMENT TO SENATE BILL 3341
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| 2 | | AMENDMENT NO. ______. Amend Senate Bill 3341, AS AMENDED, |
| 3 | | on page 3, lines 23 and 24, by replacing "The Attorney General, |
| 4 | | local police department, and sheriff" with "Local law |
| 5 | | enforcement"; and
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| 6 | | on page 4, by inserting after line 5 the following:
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| 7 | | "Section 30. The Pawnbroker Regulation Act is amended by |
| 8 | | changing Section 15 as follows:
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| 9 | | (205 ILCS 510/15) |
| 10 | | Sec. 15. Temporary buying locations; unregistered buyers. |
| 11 | | (a) For purposes of this Section: |
| 12 | | "Temporary buying location" means a location used by an |
| 13 | | unregistered buyer, including, but not limited to, hotels and |
| 14 | | motels. |
| 15 | | "Unregistered buyer" means an individual business, or an |
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| 1 | | agent of an individual business, engaged in the business of |
| 2 | | purchasing from the public, scrap precious metals, including, |
| 3 | | but not limited to, jewelry, precious stones, semi-precious |
| 4 | | stones, coins, silver, gold, and platinum, that conducts |
| 5 | | transactions at a temporary buying location but is not |
| 6 | | registered under this Act. |
| 7 | | (b) An unregistered buyer that seeks to conduct business at |
| 8 | | a temporary buying location in this State must comply with all |
| 9 | | of the following: |
| 10 | | (1) An unregistered buyer must register with the |
| 11 | | sheriff of the county at least 30 days prior to its |
| 12 | | intention to conduct transactions in that county. |
| 13 | | (2) Except as otherwise provided in Section 10 of the |
| 14 | | Precious Metal Purchasing Act, an An unregistered buyer |
| 15 | | must submit by 6 a.m. each day to the sheriff of the county |
| 16 | | in which he or she is located detailed transaction records |
| 17 | | for the previous day, which must include purchaser, seller, |
| 18 | | and inventory information pursuant to subsection (b) of |
| 19 | | Section 5 of this Act. |
| 20 | | (3) An unregistered buyer must pay a registration fee |
| 21 | | to the sheriff of the county in which it seeks to conduct |
| 22 | | business. This fee shall be used to defray the cost of |
| 23 | | reviewing the records required under this Section and may |
| 24 | | be apportioned as the sheriff sees fit. |
| 25 | | (c) The Department of Financial and Professional |
| 26 | | Regulation may adopt rules necessary for administration of this |