Bill Summary for S 144 (2011-2012)

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Bill: CASH CONVERTERS MUST KEEP PURCHASE RECORDS.

Summary date: 

Jun 16 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 amendment makes the following changes to 3rd edition.
Amends GS 91A-10(a)(6) and (b) to forbid a pawnbroker or a cash converter from purchasing from any person any property which is known to the pawnbroker or cash converter to be stolen, unless there is a written agreement with local or state law enforcement (was, local or state police).