GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2007

 

 

SESSION LAW 2007-415

SENATE BILL 806

 

 

AN ACT to lengthen the time goods purchased by pawnbrokers must be held before resale.

 

The General Assembly of North Carolina enacts:

 

SECTION 1.  G.S. 91A-10(7) reads as rewritten:

"§ 91A-10.  Prohibitions.

A pawnbroker shall not:

(7)       Sell, exchange, barter, or remove from the pawnshop any goods pledged, pawned, or purchased earlier than 48 hours before the earlier of seven days after the date the pawn ticket record is electronically reported in accordance with G.S. 91A-7(d) or 30 days after the transaction, except in case of redemption by pledgor or items purchased for resale from wholesalers;

…."

SECTION 2.  G.S. 91A-7(d) reads as rewritten:

"(d)      The pledgor shall sign the pawn ticket and shall receive an exact copy of the pawn ticket which shall be signed or initialed by the pawnbroker or any employee of the pawnbroker. These records shall be available for inspection and pickup each regular workday by the sheriff of the county  county, or the sheriff's designee or the chief of police  police, or the chief's designee of the municipality in which the pawnshop is located. These records may be electronically reported to the sheriff of the county or the chief of police of the municipality in which the pawnshop is located by transmission over the Internet or by facsimile transmission in a manner authorized by the applicable sheriff or chief of police. These records shall be a correct copy of the entries made of the pawn or purchase transaction and shall be carefully preserved without alteration, and shall be available during regular business hours."


SECTION 3.  This act becomes effective October 1, 2007, and applies to goods taken by a pawnbroker in pledge, pawn, or purchase on or after that date.

In the General Assembly read three times and ratified this the 31st day of July, 2007.

 

 

                                                                    s/ Beverly E. Perdue

                                                                         President of the Senate

 

 

                                                                    s/ Joe Hackney

                                                                         Speaker of the House of Representatives

 

 

                                                                    s/ Michael F. Easley

                                                                         Governor

 

 

Approved 2:58 p.m. this 21st day of August, 2007