Rep. Patricia R. Bellock
Filed: 1/2/2013
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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, line 23, by replacing "Attorney General" with | ||||||
| 4 | "State's Attorney"; and
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| 5 | on page 4, by inserting after line 5 the following: | ||||||
| 6 | "Section 30. The Pawnbroker Regulation Act is amended by | ||||||
| 7 | changing Section 15 as follows: | ||||||
| 8 | (205 ILCS 510/15) | ||||||
| 9 | Sec. 15. Temporary buying locations; unregistered buyers. | ||||||
| 10 | (a) For purposes of this Section: | ||||||
| 11 | "Temporary buying location" means a location used by an | ||||||
| 12 | unregistered buyer, including, but not limited to, hotels and | ||||||
| 13 | motels. | ||||||
| 14 | "Unregistered buyer" means an individual business, or an | ||||||
| 15 | agent of an individual business, engaged in the business of | ||||||
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| 1 | purchasing from the public, scrap precious metals, including, | ||||||
| 2 | but not limited to, jewelry, precious stones, semi-precious | ||||||
| 3 | stones, coins, silver, gold, and platinum, that conducts | ||||||
| 4 | transactions at a temporary buying location but is not | ||||||
| 5 | registered under this Act. | ||||||
| 6 | (b) An unregistered buyer that seeks to conduct business at | ||||||
| 7 | a temporary buying location in this State must comply with all | ||||||
| 8 | of the following: | ||||||
| 9 | (1) An unregistered buyer must register with the | ||||||
| 10 | sheriff of the county at least 30 days prior to its | ||||||
| 11 | intention to conduct transactions in that county. | ||||||
| 12 | (2) Except as otherwise provided in Section 10 of the | ||||||
| 13 | Precious Metal Purchasing Act, an An unregistered buyer | ||||||
| 14 | must submit by 6 a.m. each day to the sheriff of the county | ||||||
| 15 | in which he or she is located detailed transaction records | ||||||
| 16 | for the previous day, which must include purchaser, seller, | ||||||
| 17 | and inventory information pursuant to subsection (b) of | ||||||
| 18 | Section 5 of this Act. | ||||||
| 19 | (3) An unregistered buyer must pay a registration fee | ||||||
| 20 | to the sheriff of the county in which it seeks to conduct | ||||||
| 21 | business. This fee shall be used to defray the cost of | ||||||
| 22 | reviewing the records required under this Section and may | ||||||
| 23 | be apportioned as the sheriff sees fit. | ||||||
| 24 | (c) The Department of Financial and Professional | ||||||
| 25 | Regulation may adopt rules necessary for administration of this | ||||||
| 26 | Section, which must include a fee schedule for counties to | ||||||
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| 1 | follow.
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| 2 | (Source: P.A. 96-1038, eff. 7-14-10.)".
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