Synopsis As Introduced Amends the Pawnbroker Regulation Act. Changes the short title of the Act to the Pawnbroker, Consignment Shop, Secondhand Shop, and Recyclable Metal Shop Regulation Act. Provides for the licensure and regulation of consignment shops, secondhand shops, and recyclable metal shops in the same manner as pawnshops. Defines "consignment shop", "secondhand shop", and "recyclable metal shop". Amends the Recyclable Metal Purchase Registration Law. Changes the definition of "recyclable metal" to include gold, silver, platinum, or other precious metal used in jewelry, and "recyclable metal dealer" to include any business whose primary purpose is the purchase and sale of precious metals, secondhand jewelry, or items that contain precious metals. Effective immediately.
Replaces everything after the enacting clause. Amends the Pawnbrokers Regulation Act. Creates the Precious Metal Purchasers Task Force. Provides that the task force shall study the various systems, technologies, and methods of operation for providing law enforcement with the timely access to information relating to the sales of precious metals and jewelry by pawnbrokers, auction sellers, for-profit consignment sellers, resellers, and other persons or entities as it may deem fit, including, but not limited to, providers of technology and services relating to the collection, compilation, storage, and access to such information. Provides that on or before December 31, 2013, the task force shall report to the General Assembly concerning its findings and recommendations regarding the systems and technologies, together with their usage and potential funding mechanisms and sources, to be implemented to create a state-wide system for the collection of information of the sales of precious metals and jewelry by pawnbrokers, auction services, for-profit consignment sellers, and other resellers, and for the compilation, storage and timely access to that information by law enforcement and shall include proposed legislation to implement its recommendations, if needed. Provides that the Department of Financial and Professional Regulation shall provide any necessary administrative and other support to the task force. Provides that the task force is repealed on December 31, 2014. Effective immediately.