Bill Sponsor
California Senate Bill 1198
Session 20232024
Pawnbrokers: fees and charges.
Active
Active
Passed Senate on May 2, 2024
First Action
Feb 15, 2024
Latest Action
May 13, 2024
Origin Chamber
Senate
Type
Bill
Bill Number
1198
State
California
Session
20232024
Sponsorship by Party
Democrat
Author
Summary
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.
Actions (14)
05/13/2024
Assembly
Referred to Com. on B. & F.
05/02/2024
Assembly
In Assembly. Read first time. Held at Desk.
05/02/2024
Senate
Read third time. Passed. (Ayes 38. Noes 0. Page 3831.) Ordered to the Assembly.
04/30/2024
Senate
Read second time. Ordered to consent calendar.
04/29/2024
Senate
From committee: Be ordered to second reading pursuant to Senate Rule 28.8 and ordered to consent calendar.
04/22/2024
Senate
Set for hearing April 29.
04/17/2024
Senate
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.
04/09/2024
Senate
Set for hearing April 16.
04/08/2024
Senate
Read second time and amended. Re-referred to Com. on JUD.
04/04/2024
Senate
From committee: Do pass as amended and re-refer to Com. on JUD. (Ayes 7. Noes 0. Page 3465.) (April 3).
03/20/2024
Senate
Set for hearing April 3.
02/29/2024
Senate
Referred to Coms. on B. & F.I. and JUD.
02/16/2024
Senate
From printer. May be acted upon on or after March 17.
02/15/2024
Senate
Introduced. Read first time. To Com. on RLS. for assignment. To print.
Sources
Record Created
Feb 16, 2024 9:21:45 PM
Record Updated
May 14, 2024 12:26:57 PM