The bill amends section 539.001 of the Florida Statutes, which pertains to the Florida Pawnbroking Act, to allow pawnbroker transaction forms to be completed in either digital or printed formats. Specifically, it stipulates that the forms must be 8 1/2 inches by 11 inches for printed versions and require a font size of at least 12 points for digital versions. The pawnbroker transaction forms must include essential information about the transaction, such as the type of transaction (pawn or purchase), details about the goods, and the pledgor or seller's information. The bill also clarifies that the pawnbroker may use either format for the transaction forms.

Additionally, the bill outlines the recordkeeping and reporting requirements for pawnbrokers, including the necessity to maintain copies of completed transaction forms for at least one year and to deliver these forms to law enforcement officials at the end of each business day. If a pawnbroker opts for electronic transactions, they are not required to submit printed copies of the forms, but must still provide original printed forms upon request for criminal investigations. The act is set to take effect on July 1, 2025.

Statutes affected:
H 139 Filed: 539.001