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Introduced Version - Originating in Committee House Bill 4736 History

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WEST virginia legislature

2016 regular session

Originating

House Bill 4736

By Delegates Sobonya, Deem, Kessinger, Zatezalo, Shott, Marcum, Fleischauer, Shaffer and Fluharty

[Originating in the Committee on the Judiciary; Reported on February 27, 2016]

A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §47-26-2a, relating to the pawn of gift cards; defining gift card; and limiting the purchase pawn, receipt, sale or exchange of a gift card with a pawnbroker.

Be it enacted by the Legislature of West Virginia:


That the Code of West Virginia, 1931, as amended, be amended by adding thereto a new section, designated §47-26-2a, to read as follows:

article 26. pawnbrokers.

§47-26-2a.  Pawn or purchase of gift cards prohibited.

(a) As used in this section, “gift card” means a card, voucher, or certificate that contains or represents a specific amount of money issued by a retailer or bank to be used as an alternative to cash purchases.

(b) During the course of business, a pawnbroker may not purchase, pawn, receive, sell or exchange a gift card with a balance that exceeds $100, or is in the aggregate of $300 in a thirty day time frame, from any individual.

 

NOTE: The purpose of this bill is to limit pawnbrokers from purchasing or receiving gift cards as a pawn.

Strike-throughs indicate language that would be stricken from a heading or the present law and underscoring indicates new language that would be added.

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