Richard Roth
- Democratic
- Senator
- District 31
Author
Existing law regulates the activities of pawnbrokers and makes a violation of these provisions a misdemeanor, as specified. Existing law authorizes the district attorney or the Attorney General, in the name of the people of the State of California, to bring an action to enjoin the violation or the threatened violation of a regulation made pertaining to certain provisions regulating pawnbrokers. Existing law authorizes a pawnbroker to collect a handling and storage charge for pawned articles at the time property is redeemed or a replacement loan is issued. Existing law establishes the maximum amount that may be charged based on the size of pawned articles, as specified. This bill would additionally authorize a pawnbroker to collect a security charge and would increase the permitted handling, storage, and security charges depending on the size of the pawned articles, as specified. The bill would authorize a pawnbroker, in addition to other allowed charges, to collect a remote transaction fee, as specified. Existing law permits a pawnbroker to charge a fee in the amount of up to $5 for services and costs pertaining to preparation of a 10-day notice when a pledged item is not redeemed during the loan period. This bill would expand the services and costs for which the above-described noticing fee may be charged to include the mailing or electronic transmission of the notice, and would increase the maximum amount of the fee to $7.
Chaptered by Secretary of State. Chapter 185, Statutes of 2024.
Approved by the Governor.
Enrolled and presented to the Governor at 2 p.m.
In Senate. Ordered to engrossing and enrolling.
Read third time. Passed. (Ayes 72. Noes 0. Page 6250.) Ordered to the Senate.
Read second time. Ordered to consent calendar.
From committee: Do pass. Ordered to consent calendar. (Ayes 15. Noes 0.) (July 2).
June 26 hearing postponed by committee.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (June 17). Re-referred to Com. on APPR.
Read third time. Passed. (Ayes 38. Noes 0. Page 3831.) Ordered to the Assembly.
In Assembly. Read first time. Held at Desk.
Read second time. Ordered to consent calendar.
From committee: Be ordered to second reading pursuant to Senate Rule 28.8 and ordered to consent calendar.
Set for hearing April 29.
From committee: Do pass and re-refer to Com. on APPR with recommendation: To consent calendar. (Ayes 11. Noes 0. Page 3635.) (April 16). Re-referred to Com. on APPR.
Set for hearing April 16.
Read second time and amended. Re-referred to Com. on JUD.
From committee: Do pass as amended and re-refer to Com. on JUD. (Ayes 7. Noes 0. Page 3465.) (April 3).
Set for hearing April 3.
From printer. May be acted upon on or after March 17.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB1198 | HTML |
| 02/15/24 - Introduced | |
| 04/08/24 - Amended Senate | |
| 08/09/24 - Enrolled | |
| 08/19/24 - Chaptered |
| Document | Format |
|---|---|
| 04/01/24- Senate Banking and Financial Institutions | |
| 04/12/24- Senate Judiciary | |
| 05/01/24- Sen. Floor Analyses | |
| 06/13/24- Assembly Banking and Finance | |
| 06/28/24- Assembly Appropriations |
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