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An Act To Amend the Laws Governing Record Keeping for Pawn Transactions
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 30-A MRSA §3962, sub-§1, as amended by PL 1995, c. 397, §14, is further amended to read:
 
1. Account kept.   Every pawnbroker shall maintain records in which the pawnbroker shall enter:
 
A. The date, duration, amount, periodic rate of interest and annual percentage rate of every loan that is made;
 
A-1. The finance charge, due dates for payment and the total payment needed to redeem or repurchase the pawned property;
 
B. An accurate account and description of the property pawned;
 
B-1. The terms of redemption or repurchase, including any reduction in the finance charge for early redemption or repurchase and the right of the consumer to at least one extension of one month at the same rate of interest upon request in writing or in person; and
 
C. The name and residence of the consumer.
 
A pawnbroker shall include in the pawnbroker's records a digital photograph of the property pawned and a digital photograph of the consumer. The pawnbroker shall allow the municipal officers to inspect these records at all reasonable times.
 
SUMMARY
This bill requires that pawnbrokers maintain in their records digital photographs of property pawned and digital photographs of the consumers who pawn the property.