Pawnbrokers and secondhand dealers: Internet transactions.

This measure would request the Department of Justice to convene meetings in 2014 with representatives from law enforcement, prosecutors, the secondhand dealer and pawnbroker industry, and interested members of the public to determine the changes to existing law that would (1) allow California pawnbrokers and secondhand dealers to fairly compete with out-of-state internet pawnbrokers, (2) keep available to law enforcement merchandise pawned over the Internet that would otherwise go out-of-state and not be reported or held for inspection, and (3) protect California consumers transacting pawn loans over the Internet from higher interest rates and fees than those permitted in California.