Replaces everything after the enacting clause. Amends the Pawnbroker Regulation Act. Provides that if, when a piece of property subject to a hold order is relinquished by a pawnbroker to a law enforcement officer upon written notice from a law enforcement officer that the property is needed for the purpose of furthering a criminal investigation, it is discovered during the pendency of such criminal investigation that the property was stolen and the owner is identified, then the property shall be returned to the owner thereof without the payment of the money advanced by the pawnbroker thereon or any costs or charges of any kind that the pawnbroker may have placed upon the same, in accordance with specified provisions of the Act.
Replaces everything after the enacting clause. Amends the Pawnbroker Regulation Act. Removes language providing that when a person is found to be the owner of stolen property that has been pawned, the property shall be returned to the owner without payment of money advanced to the pawnbroker or any costs or charges. Provides that stolen property subject to a hold order shall be returned to the owner without the payment. Provides that when a hold order expires, title to the property shall vest in the pawnbroker. Provides that a hold order must specify certain information concerning the criminal investigation and property subject to the hold order. Provides that a pawnbroker or its representative must sign and date a copy of a hold order as evidence of receipt of the hold order and the beginning of the 90-day hold period.