Illinois House Bill 4714 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 3-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Pawnbroker Regulation Act. Defines "precious metal scrapper". Provides that the Secretary of Financial and Professional Regulation shall issue licenses on an annual or multi-year basis for operating a precious metal scrapper. Provides that it shall be unlawful to operate a precious metal scrapper without a license issued by the Secretary. Provides that a precious metal scrapper may not, upon physical receipt of gold or silver, offer, promise, or pay the seller an amount less than 60% of the gold or silver's actual melt value. Provides that, upon physical receipt of gold or silver, a precious metal scrapper must maintain possession of the gold or silver for a period of 10 business days. Makes changes concerning the administration of the Act, manager licensing, record requirements, the inspection of records, daily reports, reports to the Secretary, violations of the Act, and hold orders.

PAWNBROKER-PRECIOUS METAL

Rep. Pam Roth [R]

Rep. Thomas Morrison [R]

Rep. Jim Watson [R]

Date	Chamber	Action
2013-01-08	House	Session Sine Die
2012-03-09	House	Rule 19(a) / Re-referred to Rules Committee
2012-02-17	House	Assigned to Business & Occupational Licenses Committee
2012-02-08	House	Added Co-Sponsor Rep. Jim Watson
2012-02-08	House	Added Co-Sponsor Rep. Thomas Morrison
2012-02-03	House	Referred to Rules Committee
2012-02-03	House	First Reading
2012-02-02	House	Filed with the Clerk by Rep. Pam Roth

Chapter	Article	Section	Citation Type	Statute Text
205	510	0.05	Amended Code	Citation Text
205	510	1	Amended Code	Citation Text
205	510	1.2	New Code	See Bill Text
205	510	1.4	New Code	See Bill Text
205	510	11	Amended Code	Citation Text
205	510	12	Amended Code	Citation Text
205	510	4.5	New Code	See Bill Text
205	510	5	Amended Code	Citation Text
205	510	6	Amended Code	Citation Text
205	510	7	Amended Code	Citation Text
205	510	7.5	Amended Code	Citation Text
205	510	8	Amended Code	Citation Text
205	510	9	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4714&GAID=11&DocTypeID=HB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/HB/09700HB4714.htm