Public Act 90-0056 of the 90th General Assembly
Public Act 90-0056
HB2157 Enrolled LRB9004926JScc
AN ACT to amend the Pawnbroker Regulation Act by changing
Section 5.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Pawnbroker Regulation Act is amended by
changing Section 5 as follows:
(205 ILCS 510/5) (from Ch. 17, par. 4655)
Sec. 5. Record requirements.
(a) Except in municipalities located in counties having
3,000,000 or more inhabitants, every pawn and loan broker
shall keep a standard record book that has been approved by
the sheriff of the county in which the pawnbroker does
business. In municipalities in counties with 3,000,000 or
more inhabitants, the record book shall be approved by the
police department of the municipality in which the pawn or
loan broker does business., in which shall be written in ink,
At the time of each and every loan or taking of a pledge, an
accurate account and description, in the English language, of
all the goods, articles and other things pawned or pledged,
the amount of money, value or thing loaned thereon, the time
of pledging the same, the rate of interest to be paid on such
loan, and the name and residence of the person making such
pawn or pledge shall be written in ink in the record book.
Such entry shall include the serial number or identification
number of items received which are required to bear such
number. Every pawnbroker shall also record in his book, an
accurate account and description, in the English language, of
all goods, articles and other things purchased or received
for the purpose of resale or loan collateral by the
pawnbroker from any source, not in the course of a pledge or
loan, the time of such purchase or receipt and the name and
address of the person or business which sold or delivered
such goods, articles, or other things to the pawnbroker. No
entry in such book shall be erased, mutilated or changed.
(b) Every pawnbroker shall require 2 forms of
identification to be shown him by each person pledging or
pawning any goods, articles or other things to the
pawnbroker. One of the two forms of identification must
include his or her residence address. These forms of
identification shall include, but not be limited to, any of
the following: driver's license, social security card,
utility bill, employee or student identification card, credit
card, or a civic, union or professional association
membership card.
(Source: P.A. 84-1308.)
Section 99. Effective date. This Act takes effect upon
becoming law.