Full Text of SB3341 97th General Assembly
SB3341ham002 97TH GENERAL ASSEMBLY | Rep. Patricia R. Bellock Filed: 1/2/2013
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| 1 | | AMENDMENT TO SENATE BILL 3341
| 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
| 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.
| 2 | | (Source: P.A. 96-1038, eff. 7-14-10.)".
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