Bill > SB259

This bill standardizes and clarifies recordkeeping requirements for secondhand dealers and pawnbrokers in Hawaii, specifically mandating that these businesses maintain transaction records on their premises for two years after the date of sale or loan maturity. The legislation applies to counties with a population of 500,000 or more and requires that these records be available for inspection at any time by the treasurer, chief of police, or their authorized representatives. The bill aims to support businesses that reuse or recycle items by establishing a reasonable and consistent recordkeeping standard that allows for potential law enforcement investigations without imposing an undue burden on secondhand dealers and pawnbrokers. By setting a clear two-year retention period, the law seeks to streamline business management, reduce unnecessary paper and electronic waste, and provide a more modern approach to transaction documentation. The bill reflects the legislature's recognition of the important role these businesses play in local economies by facilitating the reuse and recycling of valuable items.

Business and Industry, Government Affairs

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=259&year=2026