HB22-1324
Definition Of Pawnbroker
Concerning a modification to the definition of pawnbroker.
Session:
2022 Regular Session
Subject:
Bill Summary
Business & Economic Development
Under existing law, a pawnbroker is a person who regularly engages in the business of making contracts for purchase or purchase transactions in the course of his or her business. The act amends the definition of pawnbroker so that a person who is regularly engaged in the business of making purchase transactions is a pawnbroker only if the person also engages in the business of making contracts for purchase.
(Note: This summary applies to this bill as enacted.)