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Senate committee pulls repeal of 2017 pawnbroker licensing law for more review
Summary
The Senate Insurance & Commerce Committee postponed action on a bill that would repeal the 2017 pawnbroker licensing provisions after members requested legal review of interest-rate caps, sponsor intent, and which agency would handle complaints if the commission is dissolved.
The Senate Insurance & Commerce Committee paused consideration of Senate Bill 184, a proposal to repeal the 2017 law establishing a licensure scheme for pawnbrokers, after members raised questions about oversight and consumer protections.
Senator Irvin introduced the bill and turned questions to the Department of Labor and Licensing. Department staff member Steve Guntharp told the committee that the 2017 act created a commission but "no appropriation was ever passed," and "no license has ever been issued and no rules have ever been adopted."…
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