Public Chapter 409
SENATE BILL NO. 596
By Kyle, Dixon
Substituted for: House Bill No. 1152
By Towns, McDaniel
AN ACT
To amend Tennessee Code Annotated, Title 45, Chapter 6, relative to pawnbrokers.BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 45-6-204(a)(7), is amended by deleting the language "fifteen (15) days" and substituting instead the language "twenty (20) business days".
SECTION 2. Tennessee Code Annotated, Section 45-6-219(a)(6), is amended by deleting the language "fifteen (15) days" and substituting instead the language "twenty (20) business days".
SECTION 3. Tennessee Code Annotated, Section 45-6-209(a), is amended by adding the following new sentence at the end of the subsection:
The consecutive numbering process for pawnbroker transactions dealing with over-the-counter purchases, described in Section 45-6-204(a)(7) shall be numbered and identified independently from a buy-sell agreement and/or a loan of money transaction.
SECTION 4. Tennessee Code Annotated, Section 45-6-206(a)(5), is amended by inserting the words "and shall electronically transfer such information" between the words "information" and "on".
SECTION 5. Tennessee Code Annotated, Section 45-6-221, is amended by inserting the words "and shall electronically transfer such information" between the words "information" and "on".
SECTION 6. This act shall take effect October 1, 1997, the public welfare requiring it.