Texas Senate Bill SB1905

Texas 2009 - 81st Regular

Caption

Relating to the regulation of and information regarding property in the custody of a pawnbroker.

Impact

The significance of SB1905 extends to the relationship between pawnbrokers and law enforcement agencies. With the new regulations, there is a streamlined process for sharing transaction data electronically with law enforcement. This electronic access is intended to assist in investigations involving stolen goods, thereby enhancing public safety. Furthermore, the legislation specifies confidentiality measures for data stored on an online platform accessible by law enforcement and limited public access for individuals who report lost or stolen property.

Summary

SB1905 focuses on the regulation of property in the custody of pawnbrokers in Texas. The bill amends various sections of the Finance Code to enhance record-keeping requirements for pawnbrokers when purchasing used personal property. Key provisions include establishing the need for a record that contains the seller's personal information and an electronic photograph of the property being sold. This requirement aims to improve transparency and accountability among pawnbrokers and discourages transactions involving stolen property.

Contention

One of the notable points of contention surrounding SB1905 is its requirement for pawnbrokers to comply with stringent documentation practices. While supporters argue that this will curb the trafficking of stolen goods and ensure that the rights of sellers are protected, critics may view it as an additional burden on small businesses. Furthermore, the bill raises concerns regarding the management of and access to sensitive personal data, requiring careful consideration to balance privacy interest against law enforcement needs.