2001 Senate Bill 116 / 2002 Public Act 469

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Introduced in the Senate

Feb. 6, 2001

Introduced by Sen. Bill Schuette (R-35)

To require regulation and licensure of pawnbrokers located in townships, charter townships, counties, cities, and villages (instead of just cities), and require the business to post a $3000 bond and pay an annual license fee of $50 to $250.

Referred to the Committee on Economic Development, International Trade, and Regulatory Affairs

March 28, 2001

Passed in the Senate 35 to 0 (details)

Received in the House

March 28, 2001

June 5, 2002

Passed in the House 100 to 2 (details)

Received in the Senate

June 5, 2002

Signed by Gov. John Engler

June 21, 2002