Pawnbrokers are governed by all of the major federal laws that apply to other entities designated as financial institutions, including:
• USA Patriot Act
• Truth-in-Lending Act
• Bank Secrecy Act and IRS regulations requiring reporting of certain cash transactions
• Trading with the Enemy Act and related Executive Orders and regulations
• Privacy provisions of the Gramm-Leach-Bliley Financial Services Modernization Act
No comments:
Post a Comment
We Appreciate Your Comments!