PAWNBROKER-PRECIOUS METAL House SponsorsRep. Pam Roth, Thomas Morrison and Jim Watson 1/8/2013HouseSession Sine Die 205 ILCS 510/0.05205 ILCS 510/1from Ch. 17, par. 4651205 ILCS 510/1.2 new205 ILCS 510/1.4 new205 ILCS 510/4.5 new205 ILCS 510/5from Ch. 17, par. 4655205 ILCS 510/6from Ch. 17, par. 4656205 ILCS 510/7from Ch. 17, par. 4657205 ILCS 510/7.5205 ILCS 510/8from Ch. 17, par. 4658205 ILCS 510/9from Ch. 17, par. 4659205 ILCS 510/11from Ch. 17, par. 4661205 ILCS 510/12 Amends the Pawnbroker Regulation Act. Defines "precious metal scrapper". Provides that the Secretary of Financial and Professional Regulation shall issue licenses on an annual or multi-year basis for operating a precious metal scrapper. Provides that it shall be unlawful to operate a precious metal scrapper without a license issued by the Secretary. Provides that a precious metal scrapper may not, upon physical receipt of gold or silver, offer, promise, or pay the seller an amount less than 60% of the gold or silver's actual melt value. Provides that, upon physical receipt of gold or silver, a precious metal scrapper must maintain possession of the gold or silver for a period of 10 business days. Makes changes concerning the administration of the Act, manager licensing, record requirements, the inspection of records, daily reports, reports to the Secretary, violations of the Act, and hold orders. 2/2/2012HouseFiled with the Clerk by Rep. Pam Roth 2/3/2012HouseFirst Reading 2/3/2012HouseReferred to Rules Committee 2/8/2012HouseAdded Co-Sponsor Rep. Thomas Morrison 2/8/2012HouseAdded Co-Sponsor Rep. Jim Watson 2/17/2012HouseAssigned to Business & Occupational Licenses Committee 3/9/2012HouseRule 19(a) / Re-referred to Rules Committee 1/8/2013HouseSession Sine Die