House Sponsors: CROSS-SAVIANO. Senate Sponsors: DILLARD Short description: PAWNBROKERS-COMPUTER RECORDS Synopsis of Bill as introduced: Amends the Pawnbroker Regulation Act. Permits pawnbroker records to be maintained in computer format. Provides that pawnbroker records are confidential. Provides that reports may be made by computer memory devices. Requires pawned property to be held by the pawnbroker for 72 (rather than 24) hours. SENATE AMENDMENT NO. 2. Adds July 1, 1998 effective date. CONFERENCE COMMITTEE REPORT NO. 1. Recommends that the House concur in S-am 2. Recommends that the bill be further amended as follows: Adds reference to: 205 ILCS 510/0.05 new 205 ILCS 510/2 from Ch. 17, par. 4652 205 ILCS 510/11 from Ch. 17, par. 4661 30 ILCS 105/5.449 new Provides that pawnbrokers shall be regulated by the Commissioner of Banks and Real Estate. Authorizes the Commissioner to establish license fees. Provides for the fees to be deposited into the Pawnbroker Regulation Fund, a special fund created in the State treasury. Requires pawnbrokers to disclose information regarding finance charges in connection with loans. Provides that upon default, a pawnbroker shall grant a 30-day grace period before selling the property pawned. Last action on Bill: PUBLIC ACT.............................. 90-0477 Last action date: 97-08-17 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1 END OF INQUIRY Full Text Bill Status