Chapter 169

2004 -- S 2752 SUBSTITUTE A

Enacted 06/26/04

A N A C T

RELATING TO FINANCIAL INSTITUTIONS -- PAWNBROKERS

Introduced By: Senators F Caprio, Pichardo, Perry, Ciccone, and DaPonte

Date Introduced: February 11, 2004

     It is enacted by the General Assembly as follows:

     SECTION 1. Section 19-26-2 of the General Laws in Chapter 19-26 entitled

"Pawnbrokers" is hereby amended to read as follows:

19-26-2. City or town license -- Fee -- Revocation. -- The city or town council of any

city or town may grant licenses to suitable persons, residents of the state, under any conditions

and regulations that it may think proper, to carry on the business of pawnbrokers within their

respective cities or towns for the term of one year at the place designated in the license, and every

license granted shall designate the place where the business shall be carried on, and the carrying

on of the business in any other place than that designated in the license, whether by the person

named or by any other person, shall be deemed to be without license, and shall be punished

accordingly; and every person taking the license shall pay to the city or town treasurer a sum not

less than fifty dollars ($50.00) nor more than two hundred dollars ($200), to be fixed by the city

or town council, and notwithstanding anything contained in this chapter, any license granted may

be revoked and annulled by the city or town council at any time without affecting any liability

under the bonds to be given, and without any claim for the money, or any part of the money, paid

for the license.

     SECTION 2. This act shall take effect upon passage.

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LC02501/SUB A

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