0001|                    HOUSE JOINT MEMORIAL 73
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0002|     42ND LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION,
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0003|     1996
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0004|                         INTRODUCED BY
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0005|                      LEO C. WATCHMAN, JR.
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0006|     
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0007|                                
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0008|     
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0009|     
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0010|     
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0011|                        A JOINT MEMORIAL
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0012|     REQUESTING THE NEW MEXICO LEGISLATIVE COUNCIL TO ASSIGN A REVIEW
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0013|     AND REVISION OF THE PAWNBROKERS ACT TO AN APPROPRIATE INTERIM
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0014|     COMMITTEE.
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0015|     
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0016|       WHEREAS, the Pawnbrokers Act was enacted in 1985; and
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0017|       WHEREAS, a great deal of confusion exists because of
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0018|     conflicts between the Uniform Commercial Code and the wording of
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0019|     the Pawnbrokers Act; and
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0020|       WHEREAS, there are several areas of regulation that are not
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0021|     covered by the provisions of the Pawnbrokers Act; and
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0022|       WHEREAS, representatives of the pawnbrokers in the state
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0023|     attended hearings during the 1995 legislative session and agreed
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0024|     to work with the legislature to revise the Pawnbrokers Act; and
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0025|       WHEREAS, investigation and enforcement pursuant to
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0001|     provisions of the Pawnbrokers Act are weak and ineffectual;
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0002|       NOW, THEREFORE, BE IT RESOLVED BY THE LEGISLATURE OF THE
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0003|     STATE OF NEW MEXICO that the New Mexico legislative council
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0004|     assign the review and revision of the Pawnbrokers Act to an
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0005|     appropriate interim legislative committee; and
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0006|       BE IT FURTHER RESOLVED that the legislature instruct the
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0007|     committee to look closely at the practices surrounding pawning
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0008|     of vehicles, especially in the northwest quadrant of the state,
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0009|     and prepare appropriate legislation to correct shortcomings of
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0010|     the Pawnbrokers Act; and
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0011|       BE IT FURTHER RESOLVED that copies of this memorial be
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0012|     distributed to the members of the New Mexico legislative
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0013|     council.
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0014|                                                       State of New Mexico
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0015|                    House of Representatives
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0016|   
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0017|                    FORTY-SECOND LEGISLATURE
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0018|                      SECOND SESSION, 1996
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0019|   
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0020|   
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0021|                                             February 13, 1996
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0022|   
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0023|   
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0024|   Mr. Speaker:
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0025|   
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0001|       Your CONSUMER AND PUBLIC AFFAIRS COMMITTEE, to
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0002|   whom has been referred
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0003|   
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0004|                   HOUSE JOINT MEMORIAL 73
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0005|                                
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0006|                                 has had it under consideration and reports same with
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0007|   recommendation that it DO PASS.
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0008|   
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0009|                                Respectfully submitted,
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0010|   
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0011|   
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0012|   
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0013|                                <u>                                 
</u>    |
<u></u>0014| <u>  </u>                            Gary K. King, Chairman
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0015|   
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0016|   
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0017|   Adopted <u>                    </u>    Not Adopted <u>                     
</u>    |
<u></u>0018| <u>  </u>
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0019|            (Chief Clerk)                       (Chief Clerk)
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0020|   
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0021|                      Date <u>            </u>
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0022|   
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0023|   The roll call vote was<u> 6 </u> For<u> 0 </u> Against
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0024|   Yes:          6         
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0025|   Excused: Dolliver, Hawkins, Marquardt, Vaughn, Vigil
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0001|   Absent:  None
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0002|   
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0003|   
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0004|                                                              
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0005|   HJ073CP1
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