California AB2633 amends regulations for secondhand dealers, requiring reporting and record-keeping for tangible personal property.

California AB2633 amends the Business and Professions Code to update regulations for secondhand dealers. It mandates that secondhand dealers report the acquisition of tangible personal property to the California Pawn and SecondhandDealer System (CAPSS) and retain records for inspection by law enforcement. The bill specifies that certain items, such as coins, bullion, and commercial grade ingots, are exempt from these requirements. It also outlines the information that must be included in the reports and the conditions under which secondhand dealers must hold the property before sale.

California AB2633 amends regulations for secondhand dealers, requiring reporting and record-keeping for tangible personal property.

California AB2633 amends the Business and Professions Code to update regulations for secondhand dealers. It mandates that secondhand dealers report the acquisition of tangible personal property to the California Pawn and SecondhandDealer System (CAPSS) and retain records for inspection by law enforcement. The bill specifies that certain items, such as coins, bullion, and commercial grade ingots, are exempt from these requirements. It also outlines the information that must be included in the reports and the conditions under which secondhand dealers must hold the property before sale.