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 Replies: 49 / Views: 4,531 |
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Pillar of the Community
United States
2168 Posts |
There was a new law enacted July 1 in regard to Buying or selling anything second hand. It was enacted to stop the sale of stolen property and PM and copper were noted as reasons for this law. No cash transactions and reporting of all information of the buyers and sellers (anyone is considered if more than 1 transaction per month)to law enforcement daily. Just wondering if anyone has any experience with this? I can't imagine all the extra time to gather the info and no cash allowed (pawn shops and non profit can) Edited by angel2004
10/16/2011 7:32 pm
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Pillar of the Community
United States
4008 Posts |
As in many instances of governmental over-reach, this is but one more example. If making more laws solved crime, then we would have long since stopped having it. My question would be... what about private party sales from one individual to another where no store or business was involved? Would that fall under this statute? I did a quick Google search for this and found an interesting article here: http://dailyreckoning.com/louisiana-law/I applaud the effort to deter the theft of valuable property but cannot condone surrendering our freedom to get it. No, I am afraid that law enforcement will have to confront this problem with the tools permitted by the US Constitution. Unfortunately for the well-intended lawmakers in Louisiana, this is not it. All of those responsible for creating and voting in this law should be voted out and replaced by those who respect liberty. Just MHO, of course. |
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Pillar of the Community
 United States
2168 Posts |
The law applies to ANYONE from what I read. Any more than One transaction per month! I read the article on the Drudge Report yesterday.
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Pillar of the Community
United States
1213 Posts |
I agree with Ed - this is taking things too far. The politicians that voted for this should be voted out.
Will that happen? Most likely not.
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Pillar of the Community
United States
2168 Posts |
Yes it is ridiculous. Its tracking and excessive bookkeeping plus too much personal info to buy something used. That would mean every sale or purchase of PM from a local dealer to record name address drivers license etc plus pay with a check? Many dealers only deal in cash from my experience. I mean can't used cash at a flea market! LA will stop much commerce in the state. And they basically are conservative or so I thought.
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Pillar of the Community
1028 Posts |
If I were in LA I would just ignore the law, but I'm still young and reckless. How does this relate to PM purchases online (particularly out of state). LA isn't that big, one could also drive to a nearby state to complete a transaction if it was large and worthwhile.
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Pillar of the Community
United States
2168 Posts |
Who knows but if you're a buyer or seller is how its written. So that could mean if only One purchase per month! It is for LA residents so maybe you can't do it. I did see references to ebay and craiglist purchases. How do you document if online. It is a crazy law and how really can it fe enforced easily especially that it is for any amount and everybody! Well except not for profit (pawn shops can use cash but must do all documentation). Will put many out of business. I wish there were some one that could speak about it first hand! |
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Pillar of the Community
United States
1150 Posts |
Vote with your feet, and move out of LA.
I know I'm one more big liberal law away from moving out of Washington State.
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Bedrock of the Community
Australia
21788 Posts |
With such a Law, I could not buy or sell anything.
I have NEVER had plastic money. At least my financial identity won't be stolen, if I don't have one!
Credit card fraud in Australia in 2009 amounted to 52 million dollars, in population of 22 million people. The losses to fraud from this cause are growing exponentially.
That's too much for me.
So, not only can a Government chase me if I have plastic money, so can the crims!
Edited by sel_69l
10/17/2011 02:56 am
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Rest in Peace
United States
9104 Posts |
Usually, at the state level, they take enough time to at least write the restrictions clearly.
Locally, you get stupid laws covering "anyone who buys, sells, exchanges, or receives...circulated or uncirculated coins."
If someone steals 50 silver dimes, they're just as stolen if they're sold to a coin dealer or dumped in a Coinstar. I want to see where the customer had to insert his ID to get his ticket.
What most of these laws accomplish is the thief spends the coins, or sells it to someone in a bar for half of wholesale. Now there's no record, and he needs to steal twice as much to get the same amount of $.
As usual, a new law isn't needed. It's already against the law to steal, or to buy or sell stolen stuff.
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Pillar of the Community
Australia
2830 Posts |
I'm not sure that I've found the most up-to-date copy of the relevant statute, but this is what I've got: http://www.lawserver.com/law/state/...es_37-1869-1Louisiana Revised Statutes 37:1861 - secondhand dealer defined A.(1) Every person in this state engaged in the business of buying, selling, trading in, or otherwise acquiring or disposing of used or secondhand property, including but not limited to ... is a secondhand dealer. [but ...] the provisions of this Part shall not apply to: (1) Dealers in coins and currency, dealers in antiques, nor to gun and knife shows or other trade and hobby shows. (2) Persons solely engaged in the business of buying, selling, trading in, or otherwise acquiring or disposing of motor vehicles and used parts of motor vehicles, ... (3) Private residential sales commonly known as "garage sales" or "yard sales" as long as such sales take place at a residential address. ... can you point me to the current version,please ? |
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Pillar of the Community
United States
2168 Posts |
I read the excerpt of the law passed and signed July 1 2011. It only had an exception for accepting cash for pawn shops and non profits. ALL persons businesses with more than 1 transaction per month had to collect and report a lot of info to law enforcement and under no circumstances accept cash nor complete the sale if any info not provided. I will look for the statute number. All but 1 state rep or senator voted for it and gov signed
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Pillar of the Community
United States
2168 Posts |
Its public law 195 enacted july 1 2011. I wish we had a poster from LA with first had info. What types of laws do states had anyway. Its pretty easy here in NJ to buy anyway. Haven't really sold. I know surely cash is given either say!
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Valued Member
United States
458 Posts |
I live right outside of New Orleans, LA.
This has not affected me in the slightest bit.
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Valued Member
United States
302 Posts |
Quote:
I live right outside of New Orleans, LA.
This has not affected me in the slightest bit. We are talking about a law passed in July that went into effect two months ago. There really has not been enough time to implement its provisions anywhere in the reporting chain. And there really has not been enough time to get the word out to the public, enforcers, or to hire and train enough people to administer it. So, how will it affect you once everything is up and running according to the law? |
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Pillar of the Community
United States
2168 Posts |
So have you purchased or sold any PM from a local dealer? Just wondering. Thanks.
Edited by angel2004
10/17/2011 1:28 pm
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Replies: 49 / Views: 4,531 |
Posted 10/16/2011 7:51 pm
