Bill Text: CT HB05221 | 2018 | General Assembly | Introduced

---

Bill Title: An Act Concerning Secondhand Dealers, Precious Metals Or Stones Dealers And Pawnbrokers.

Spectrum: Committee Bill

Status: (Introduced - Dead) 2018-02-23 - Public Hearing 02/27 [HB05221 Detail]

Download: Connecticut-2018-HB05221-Introduced.html

---

General Assembly		Raised Bill No. 5221
February Session, 2018		LCO No. 1328
		*01328_______PS_*
Referred to Committee on PUBLIC SAFETY AND SECURITY
Introduced by:
(PS)

AN ACT CONCERNING SECONDHAND DEALERS, PRECIOUS METALS OR STONES DEALERS AND PAWNBROKERS.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. Subsection (f) of section 21-47e of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2018):

(f) Any secondhand dealer who was licensed in any city or town as a pawnbroker pursuant to section 21-40 on March 31, 2011, and who continues to hold such license, may pay for property received pursuant to a secondhand dealer license issued in accordance with section 21-47d in the manner authorized under section 21-42, as amended by this act, [until July 1, 2021,] provided such secondhand dealer complies with all other provisions of this section relating to secondhand dealers.

Sec. 2. Subsection (i) of section 21-100 of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2018):

(i) Any precious metals or stones dealer who was licensed in any city or town as a pawnbroker pursuant to section 21-40 on March 31, 2011, and who continues to hold such license, may pay for property received pursuant to a precious metals or stones dealer license issued in accordance with this section in the manner authorized under section 21-42, as amended by this act, [until July 1, 2021,] provided such precious metals or stones dealer complies with all other provisions of this section relating to precious metals or stones dealers.

Sec. 3. Subsection (b) of section 21-42 of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2018):

(b) Each check, draft or money order used to pay for property received by a pawnbroker shall contain the number or numbers associated with such property in the record-keeping system maintained in accordance with section 21-41. Whenever payment is made by check, the pawnbroker shall retain the electronic copy of such check or other record issued by the financial institution that processed such check, and such copy or record shall be subject to inspection pursuant to section 21-41 as part of such record-keeping system. No pawnbroker shall cash any check, draft or money order issued by such pawnbroker in an amount in excess of [one thousand] five hundred dollars and no person shall structure any transaction or transactions to avoid this prohibition. Any transaction or transactions between a pawnbroker and the same party within a twenty-four-hour period shall be aggregated and considered a single transaction for the purposes of this subsection.

This act shall take effect as follows and shall amend the following sections:
Section 1	October 1, 2018	21-47e(f)
Sec. 2	October 1, 2018	21-100(i)
Sec. 3	October 1, 2018	21-42(b)

Statement of Purpose:

To (1) allow secondhand dealers and precious metals or stones dealers previously licensed as pawnbrokers to pay cash for any property received pursuant to such licenses, and (2) limit a pawnbroker from cashing a check, draft or money order issued by the pawnbroker in an amount in excess of five hundred dollars, instead of one thousand dollars.

[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]