Hawaii SB259 amends recordkeeping requirements for secondhand dealers and pawnbrokers.

Hawaii SB259 amends existing statutes to establish clear recordkeeping requirements for secondhand dealers and pawnbrokers. It mandates that records of all secondhand transactions be kept on the dealer's premises and be open to inspection by authorities for two years after the date of sale. Similarly, pawnbrokers must maintain records of all pawn transactions on their premises, also open to inspection by authorities for two years. The bill aims to streamline and modernize business management by encouraging electronic submissions and filings, reducing paper and electronic waste.

Hawaii SB259 amends recordkeeping requirements for secondhand dealers and pawnbrokers.

Hawaii SB259 amends existing statutes to establish clear recordkeeping requirements for secondhand dealers and pawnbrokers. It mandates that records of all secondhand transactions be kept on the dealer's premises and be open to inspection by authorities for two years after the date of sale. Similarly, pawnbrokers must maintain records of all pawn transactions on their premises, also open to inspection by authorities for two years. The bill aims to streamline and modernize business management by encouraging electronic submissions and filings, reducing paper and electronic waste.