Comments: IL HB1438 | 2019-2020 | 101st General Assembly

Bill Title: Amends the Pawnbroker Regulation Act. Removes language providing that when a person is found to be the owner of stolen property that has been pawned, the property shall be returned to the owner without payment of money advanced to the pawnbroker or any costs or charges. Provides that stolen property subject to a hold order shall be returned to the owner without the payment. Provides that when a hold order expires, title to the property shall vest in the pawnbroker. Provides that a hold order must specify certain information concerning the criminal investigation and property subject to the hold order. Sets forth the requirements for the contents of the hold order. Provides that a pawnbroker or its representative must sign and date a copy of a hold order as evidence of receipt of the hold order and the beginning of the 90-day hold period.

Spectrum: Moderate Partisan Bill (Democrat 26-4)

Status: (Passed) 2019-06-25 - Public Act . . . . . . . . . 101-0027 [HB1438 Detail]

Text: Latest bill text (Chaptered) [HTML]

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