Illinois General Assembly - Full Text of SB3341
Illinois General Assembly

Previous General Assemblies

Full Text of SB3341  97th General Assembly


Rep. Patricia R. Bellock

Filed: 1/3/2013





09700SB3341ham003LRB097 17671 MLW 73070 a


2    AMENDMENT NO. ______. Amend Senate Bill 3341, AS AMENDED,
3on page 3, lines 23 and 24, by replacing "The Attorney General,
4local police department, and sheriff" with "Local law
5enforcement"; and
6on page 4, by inserting after line 5 the following:
7    "Section 30. The Pawnbroker Regulation Act is amended by
8changing Section 15 as follows:
9    (205 ILCS 510/15)
10    Sec. 15. Temporary buying locations; unregistered buyers.
11    (a) For purposes of this Section:
12    "Temporary buying location" means a location used by an
13unregistered buyer, including, but not limited to, hotels and
15    "Unregistered buyer" means an individual business, or an



09700SB3341ham003- 2 -LRB097 17671 MLW 73070 a

1agent of an individual business, engaged in the business of
2purchasing from the public, scrap precious metals, including,
3but not limited to, jewelry, precious stones, semi-precious
4stones, coins, silver, gold, and platinum, that conducts
5transactions at a temporary buying location but is not
6registered under this Act.
7    (b) An unregistered buyer that seeks to conduct business at
8a temporary buying location in this State must comply with all
9of the following:
10        (1) An unregistered buyer must register with the
11    sheriff of the county at least 30 days prior to its
12    intention to conduct transactions in that county.
13        (2) Except as otherwise provided in Section 10 of the
14    Precious Metal Purchasing Act, an An unregistered buyer
15    must submit by 6 a.m. each day to the sheriff of the county
16    in which he or she is located detailed transaction records
17    for the previous day, which must include purchaser, seller,
18    and inventory information pursuant to subsection (b) of
19    Section 5 of this Act.
20        (3) An unregistered buyer must pay a registration fee
21    to the sheriff of the county in which it seeks to conduct
22    business. This fee shall be used to defray the cost of
23    reviewing the records required under this Section and may
24    be apportioned as the sheriff sees fit.
25    (c) The Department of Financial and Professional
26Regulation may adopt rules necessary for administration of this



09700SB3341ham003- 3 -LRB097 17671 MLW 73070 a

1Section, which must include a fee schedule for counties to
3(Source: P.A. 96-1038, eff. 7-14-10.)".