S.B. 399

VETOES

(III) IN THE CASE OF AN EVENT HELD IN ACCORDANCE WITH §
12-206 OF THIS SUBTITLE, ARRANGEMENTS ARE MADE BY THE LICENSEE WHICH
WILL ENSURE COMPLIANCE WITH THE PROVISIONS OF THIS TITLE.

12-301.

(a)     Each dealer shall make a written record, on a form provided by the Secretary,
of each business transaction that involves the acquisition of a secondhand precious metal
object when the transaction is made.

(b)     Each pawnbroker shall make a written record, on a form provided by the
Secretary, of each business transaction that involves:

(1) lending money on pledge of personal property, other than a security or

printed evidence of indebtedness; or

price; or

(2)     buying personal property on condition of selling it back at a stipulated

(3)     buying the following items for the purpose of resale:
(i) binoculars:

(ii)    cameras;

(iii)   firearms;

(iv)    furs;

(v)     household appliances;

(vi)    musical instruments;

(vii)   office machines or equipment;

(viii) radios, televisions, videodisc machines, videocassette recorders,

and stereo equipment;

(ix)    personal computers, tapes, and disc recorders;

(x)     watches;

(xi)   bicycles; and

(xii)   tangible personal property pledged as collateral.

(c)     Each pawnbroker shall make a written record, on a form provided by the
Secretary, of each transaction that involves the acquisition of an item described in
subsection (b)(3) of this section for the purpose of resale.

(d)     A separate record entry shall be made for each item involved in a transaction.
However, items in a matching set may be recorded as a set if acquired in a single
transaction.

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