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7 LONG TITLE
8 General Description:
9 This bill modifies the Pawnshop and Secondhand Merchandise Transaction Information
10 Act regarding businesses required to participate in the state register.
11 Highlighted Provisions:
12 This bill:
13 . requires, on and after January 1, 2011, that all pawn and secondhand businesses,
14 regardless of the number of transactions, participate in the state register of
15 merchandise and pawned articles.
16 Monies Appropriated in this Bill:
18 Other Special Clauses:
20 Utah Code Sections Affected:
22 13-32a-107, as last amended by Laws of Utah 2007, Chapter 352
24 Be it enacted by the Legislature of the state of Utah:
25 Section 1. Section 13-32a-107 is amended to read:
26 13-32a-107. Deadline for registers to be electronic -- Notice for updating.
27 (1) (a) On and after January 1, 2005, each pawn and secondhand business in the state
28 that generates 10 or more pawn transactions per month or 50 or more sales transactions per
29 month shall maintain the register in an electronic format that is compatible with the central
30 database computer system.
31 (b) On and after January 1, 2011, each pawn and secondhand business in the state shall
32 maintain the register in an electronic format that is compatible with the central database
33 computer system.
34 (2) (a) (i) On and after January 15, 2005, pawn and secondhand businesses under
35 Subsection (1)(a) are subject to an administrative fine of $50 a day for each daily report
36 required under Section 13-32a-106 that is submitted as a written report rather than
38 (ii) On and after January 1, 2011, pawn and secondhand businesses under Subsection
39 (1)(b) are subject to an administrative fine of $50 a day for each daily report required under
40 Section 13-32a-106 that is submitted as a written report rather than electronically.
41 (b) Fines imposed under this section shall be paid to the division, which shall deposit
42 the fines in the account.
43 (3) The operators of the central database shall establish written procedures in
44 conjunction with the Pawnshop and Secondhand Merchandise Advisory Board to ensure that
45 when the central database is upgraded, the affected pawn and secondhand businesses will
46 receive adequate notice, information, and time to upgrade their computer systems so the
47 systems are compatible with the upgraded central database.
Legislative Review Note
as of 2-8-10 4:15 PM