Plain English Breakdown
The official text says deleting the 'significant class of stolen goods' definition would 'potentially expand' what must be reported, but does not specify exactly how or which new items will be included.
AB-2633: Changes to Secondhand Dealer Rules
This law expands secondhand dealer rules to anyone buying or selling used goods, removes special reporting rules for coin dealers, and adds jewelry to the list of items that must be reported.
What This Bill Does
- Removes the word 'principal' so the rules apply to any business involved in buying, selling, trading, auctioning, or taking in pawn tangible personal property, not just those doing it as their main job.
- Stops these specific reporting and regulation rules from applying to coin dealers.
- Expands the definition of reportable items to include secondhand jewelry, items, or objects.
- Deletes the rule that limits 'significant class of stolen goods' to items making up more than 10% of reported thefts, which may expand what must be tracked.
- Requires a state-issued license before any city, county, or other agency can issue a local permit for secondhand dealer business.
Who It Names or Affects
- People and businesses that buy, sell, trade, auction, or take in pawn used items as part of their business.
- Coin dealers who are no longer subject to these specific reporting rules under this bill.
- City and county agencies that issue licenses for secondhand dealers.
Terms To Know
- Tangible personal property
- Physical items like jewelry, electronics, or tools that can be touched and moved.
- CAPSS
- The California Pawn and Secondhand Dealer System run by the Department of Justice to track used goods.
Limits and Unknowns
- Deleting the '10% stolen goods' rule might change which items must be reported, but the bill does not list exactly what those new items are.
- The bill states that no state reimbursement is required for costs caused by these rules.