Joe Coto
- Democratic
Author
Existing law prohibits a pawnbroker from charging or receiving compensation at a rate exceeding 2.5% per month on that portion of the unpaid principal balance of any loan up to, including, but not in excess of $225. For other loan amounts, existing law prohibits a pawnbroker from charging or receiving compensation at a rate exceeding specified amounts based upon the unpaid principal balance of the loan. A knowing violation of the laws regulating pawnbrokers is a crime. This bill would revise these limits on pawnbroker compensation and would instead prohibit a pawnbroker from charging or receiving compensation at a rate exceeding 2.5% per month on the unpaid principal balance of any loan. Because a knowing violation of this bill's provisions would be a crime, the bill would impose a state-mandated local program. The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that no reimbursement is required by this act for a specified reason.
Consideration of Governor's veto stricken from file.
Consideration of Governor's veto pending.
Vetoed by Governor.
Enrolled and to the Governor at 7 p.m.
In Assembly. To enrollment.
Read third time, passed, and to Assembly. (Ayes 33. Noes 1. Page 2122.)
Read second time. To third reading.
From committee: Be placed on second reading file pursuant to Senate Rule 28.8.
From committee: Do pass, and re-refer to Com. on APPR. Re-referred. (Ayes 4. Noes 0.) (July 14).
In committee: Hearing postponed by committee.
From committee: Do pass, and re-refer to Com. on JUD. with recommendation: To Consent Calendar. Re-referred. (Ayes 11. Noes 0.) (June 17).
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time, passed, and to Senate. (Ayes 78. Noes 0. Page 1366.)
Read second time. To Consent Calendar.
From committee: Do pass. To Consent Calendar. (April 29).
Read second time. To Consent Calendar.
Re-referred to Com. on APPR. pursuant to Joint Rule 10.5.
From committee: Do pass. To Consent Calendar. (April 20).
In committee: Hearing postponed by committee.
Read first time.
From printer. May be heard in committee March 30.
Introduced. To print.
| Bill Text Versions | Format |
|---|---|
| AB1357 | HTML |
| 02/27/09 - Introduced | |
| 09/09/09 - Enrolled |
| Document | Format |
|---|---|
| No related documents. |
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