Bill authorizes a pawnbroker to collect a security charge and increase the permitted handling, storage, and security charges depending on the size of the pawned items.
Authorizes a pawnbroker, with other allowed charges, to collect remote transaction fee.
Bill expands services/costs for which noticing fee may be charged to include mailing or electronic transmission of the notice, and increases maximum amount of the fee to $7.
Legislative History
On Feb. 15, 2024, bill introduced in Senate; on May 2, 2024, bill passed in Senate.
On May 2, 2024, bill delivered to Assembly; on Aug. 8, 2024, bill passed in Assembly.
On Aug. 8, 2024, bill returned to Senate; on Aug. 13, 2024, bill delivered to governor.
Effectiveness
No effective date specified; CAL bills generally effective Jan. 1 next year, Jan. 1, 2025.
Aug. 19, 2024 CAL LEG Governor Approval
On Aug. 19, 2024, CAL LEG governor signed bill as Ch. 185, effective Jan. 1, 2025.
