A bill to amend 1917 PA 273, entitled “An act to regulate and license pawnbrokers that conduct business in this state; to provide for the disposition of allegedly misappropriated property in the possession of pawnbrokers; to provide remedies and prescribe penalties; and to provide for the powers and duties of certain local governmental units and state agencies,” by amending section 5 (MCL 446.205), as amended by 2002 PA 469.
Updates Michigan's pawnbroker regulations by requiring more detailed transaction records, including race data collection, and mandates timely reporting to local police, contingent on the passage of related legislation.
Introduced
by
Referred to the Committee on Oversight
