Illinois 2023-2024 Regular Session

Illinois House Bill HB2506

Introduced
2/15/23  
Introduced
2/15/23  

Caption

REGULATION-TECH

Impact

The amendments introduced by HB2506 aim to create a clearer enforcement structure for the Pawnbroker Regulation Act. By clearly delineating the penalties for different types of violations, the bill is expected to provide more consistency in how violations are judged and prosecuted. This structure not only aids law enforcement but also protects consumers by ensuring pawnbrokers are held accountable for their practices. It maintains the authority of local municipalities in licensing and regulating pawnshops while ensuring that state-level regulations create a standard framework for enforcement.

Summary

House Bill 2506 amends the Pawnbroker Regulation Act in Illinois, specifically focusing on the section regarding violations of the Act. The primary intent of this bill is to implement a technical change that clarifies the penalties associated with various violations. Under the proposed amendments, individuals who knowingly violate the provisions will face differing classifications of misdemeanors based on the nature of the offense. The bill stipulates that a first offense will be classified as a Class C misdemeanor, with subsequent offenses escalating to a Class A misdemeanor. A more severe penalty is applied for operating a pawnshop without a license, which could result in a Class B misdemeanor for the first offense and a Class A misdemeanor for subsequent offenses.

Contention

Although the bill itself is technical in nature, discussions surrounding HB2506 may provoke debates on the effectiveness of existing regulations and their enforcement. Advocates of stringent regulations might argue that the penalties should be more severe to deter violations, suggesting that a Class C misdemeanor might not be sufficient for serious infractions. On the other hand, opponents may express concerns about the potential impact on legitimate pawnshop operators who might inadvertently violate provisions due to unclear regulations. Efforts to balance effective regulation and fair treatment of legally operating businesses may be areas of contention as the bill progresses.

Companion Bills

No companion bills found.

Previously Filed As

IL SB2230

REGULATION-TECH

Similar Bills

No similar bills found.