Bill Summary for S 144 (2011-2012)

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Bill: CASH CONVERTERS MUST KEEP PURCHASE RECORDS.

Summary date: 

Jun 15 2011
S.L. 2011-325

Bill Information:

View NCGA Bill Details2011-2012 Session
Senate Bill 144 (Public) Filed Thursday, February 24, 2011
TO REQUIRE CASH CONVERTER BUSINESSES TO KEEP RECORDS OF PURCHASES AND TO MAKE THOSE RECORDS AVAILABLE TO LOCAL LAW ENFORCEMENT AGENCIES.
Intro. by Meredith

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Bill summary

House committee substitute makes the following changes to 2nd edition. Amends GS 53-282(a) to include additional language providing that a person required to be licensed under the Article, concerning check cashing businesses, that derives less than 20% of the person’s annual gross revenues from check cashing is not required to maintain separate accounts and records. Makes other technical changes. Makes conforming change to bill title.