Mississippi legislation · 2026 Regular Session
Mississippi SB2725: Pawnbrokers; provide precious metal retention requirements and revise fingerprinting requirements for.
Status: Failed, March 3, 2026
AN ACT TO AMEND SECTION 75-67-309, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A PAWNBROKER SHALL MAINTAIN ON THE PREMISES PRECIOUS METAL, COINS AND BULLION FOR THREE BUSINESS DAYS IF THE PAWNBROKER MAKES AVAILABLE ALL TRANSACTIONS EITHER ELECTRONICALLY OR ON COMPUTER DISC TO THE APPROPRIATE LAW ENFORCEMENT AGENCY; TO AMEND SECTION 75-67-323, MISSISSIPPI CODE OF 1972, TO REQUIRE AN APPLICANT FOR A PAWNBROKER LICENSE TO SUBMIT FINGERPRINTS FROM A LOCAL LAW ENFORCEMENT AGENCY; TO DIRECT THE COMMISSIONER TO CAUSE A CRIMINAL BACKGROUND CHECK TO BE CONDUCTED BY THE FBI TO DETERMINE WHETHER THE APPLICANT HAS A DISQUALIFYING RECORD; TO PROVIDE THAT AFTER INITIAL LICENSING, LICENSEE FINGERPRINTS MUST BE RESUBMITTED EVERY THREE YEARS OR IN ACCORDANCE WITH FBI REQUIREMENTS TO DETERMINE CONTINUED SUITABILITY FOR LICENSE; AND FOR RELATED PURPOSES.
What the bill says
An act to amend section 75-67-309, mississippi code of 1972, to provide that a pawnbroker shall maintain on the premises precious metal, coins and bullion for three business days if the pawnbroker makes available all transactions either electronically or on computer disc to the appropriate law enforcement agency; to amend section 75-67-323, mississippi code of 1972, to require an applicant for a pawnbroker license to submit fingerprints from a local law enforcement agency…
From the introduced text:
AN ACT TO AMEND SECTION 75-67-309, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A PAWNBROKER SHALL MAINTAIN ON THE PREMISES PRECIOUS METAL, COINS AND BULLION FOR THREE BUSINESS DAYS IF THE PAWNBROKER MAKES AVAILABLE ALL TRANSACTIONS EITHER ELECTRONICALLY OR ON COMPUTER DISC TO THE APPROPRIATE LAW ENFORCEMENT AGENCY; TO AMEND SECTION 75-67-323, MISSISSIPPI CODE OF 1972, TO REQUIRE AN APPLICANT FOR A PAWNBROKER LICENSE TO SUBMIT FINGERPRINTS FROM A LOCAL LAW ENFORCEMENT AGENCY; TO DIRECT THE COMMISSIONER TO CAUSE A CRIMINAL BACKGROUND CHECK TO BE CONDUCTED BY THE FBI TO DETERMINE WHETHER THE APPLICANT HAS A DISQUALIFYING RECORD; TO PROVIDE THAT AFTER INITIAL LICENSING, LICENSEE FINGERPRINTS MUST BE RESUBMITTED EVERY THREE YEARS OR IN ACCORDANCE WITH FBI REQUIREMENTS TO DETERMINE CONTINUED SUITABILITY FOR LICENSE; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. Section 75-67-309, Mississippi Code of 1972, is amended as follows: 75-67-309. (1) The pledgor or seller shall sign a statement verifying that the pledgor or seller is the rightful owner of the goods or is entitled to sell or pledge the goods and shall receive an exact copy of the pawn ticket which shall be signed or initialed by the pawnbroker or any employee of the pawnbroker. (2) The pawnbroker shall maintain a record of all transactions of pledged …
Sponsors
- McMahan, Chad (R, 6) · primary sponsor
Latest actions
- : Died In Committee
- : Referred To Business and Commerce
- : Transmitted To House
- : Passed
- : Committee Substitute Adopted
- : Title Suff Do Pass Comm Sub
- : Referred To Business and Financial Institutions
Votes
- Passed (February 9, 2026): 52 yea, 0 nay, passed
Common questions
- What is SB2725?
- SB2725 is a bill in the Mississippi Legislature (2026 Regular Session): Pawnbrokers; provide precious metal retention requirements and revise fingerprinting requirements for.
- What does SB2725 do?
- In its own words: An act to amend section 75-67-309, mississippi code of 1972, to provide that a pawnbroker shall maintain on the premises precious metal, coins and bullion for three business days if the pawnbroker makes available all transactions either electronically or on computer disc to the appropriate law enforcement agency; to amend section 75-67-323, mississippi code of 1972, to require an applicant for a pawnbroker license to submit fingerprints from a local law enforcement agency…
- What is the status of SB2725?
- Failed as of March 3, 2026. Latest action: Died In Committee (March 3, 2026).
- Who sponsored SB2725?
- McMahan, Chad (R, 6).
- Where is the official record for SB2725?
- On the Mississippi Legislature website: http://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB2725.xml
Source: official Mississippi record. Tracked by Delilah, AI for legislation across all 50 states and Congress.