Modifies Michigan law to require pawnbrokers to keep detailed records of transactions, including racial identification of pawners.

Michigan SB0956 amends the 1917 Pawnbrokers Act to modify the record-keeping requirements for pawnbrokers. Pawnbrokers must maintain a detailed record of each transaction, including a description of the item, transaction number, loan amount, and personal information of the pawner. The record must also include the pawner's race. Pawnbrokers must send a copy of this record to local police within 48 hours. The form used for these records must meet specific size and content requirements, but it cannot require racial identification.

Modifies Michigan law to require pawnbrokers to keep detailed records of transactions, including racial identification of pawners.

Michigan SB0956 amends the 1917 Pawnbrokers Act to modify the record-keeping requirements for pawnbrokers. Pawnbrokers must maintain a detailed record of each transaction, including a description of the item, transaction number, loan amount, and personal information of the pawner. The record must also include the pawner's race. Pawnbrokers must send a copy of this record to local police within 48 hours. The form used for these records must meet specific size and content requirements, but it cannot require racial identification.