February 27, 1999

Mr. Speaker:

Your JUDICIARY COMMITTEE, to whom has been referred

HOUSE BILL 300, as amended

has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:

1. On page 3, line 18, strike "that", strike all of lines 19 through 24 and insert in lieu thereof "for interest on the money advanced in a pawn.".

2. On page 7, line 4, after "(1)" strike the remainder of the line and strike line 5 and strike line 6 through "or".

3. On page 8, line 7, after the first occurrence of "bond" insert "for each license issued".

4. On page 8, strike line 25 and on page 9, strike lines 1 through 5.

5. Reletter the succeeding subsection.

6. On page 9, line 8, after "Subsection A" insert "and of Subsection B".

7. On page 15, line 5, after "form" insert "or shall approve an existing form for pawnbroker transactions".

8. On page 20, line 24, before "Pledged" insert the subsection designation "A.".

9. On page 21, line 5, strike "Pledged" and insert in lieu thereof "Except as provided in Subsection B of this section, pledged".

10. On page 21, between lines 13 and 14, insert:

"B. A pledgor may redeem pledged goods after the pledgor's right to redeem expires if:

(1) the pledged goods are in the possession of the pawnbroker and title is vested in him by virtue of the provisions of this section; and

(2) the pledgor pays the pawnbroker the amount of the original loan plus accrued interest to the date of redemption or the market value of the pledged goods, whichever is less.".

11. On page 21, line 16, after the period strike the remainder of the line and strike lines 17 through 25 and insert in lieu thereof:

"The amount of the pawn service charge shall be ten dollars ($10.00) or ten percent of the amount loaned, whichever is greater, for each thirty-day period in the pawn transaction.".

12. On page 23, line 11, strike ", charge or fees" and on line 12, strike ", directly or indirectly,".

13. On page 24, line 16, strike "one year" and insert in lieu thereof "two years".

14. On page 25, line 14, after the word "transaction" strike the comma and insert in lieu thereof a semi-colon; strike "except in connection with", and strike lines 15 and 16.

15. On page 26, line 19, after the period strike the remainder of the line strike lines 20 through 22, and on line 23 strike "condition.".

16. On page 26, line 25, strike "and" and on page 27, strike lines 1 through 3 and insert in lieu thereof:

"or the original pawn ticket unless the original pawn ticket has been reported stolen.".

17. On page 35, line 8, strike "five" and insert in lieu thereof "six".

18. On page 35, line 13, strike "and".

19. On page 35, line 15, strike the period and insert in lieu thereof "; and" and between lines 15 and 16, insert "(4) a member of law enforcement.".

Respectfully submitted,

R. David Pederson, Chairman

Adopted Not Adopted

(Chief Clerk) (Chief Clerk)

The roll call vote was 6 For 2 Against

Yes: 6

No: Garcia, Godbey

Excused: Luna, Mallory, T. Taylor, Vaughn

Absent: None

.128390.1

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