74th OREGON LEGISLATIVE ASSEMBLY--2007 Regular Session
 
SA to HB 2220
 
LC 327/HB 2220-1
 
                      SENATE AMENDMENTS TO
                         HOUSE BILL 2220
 
                    By COMMITTEE ON COMMERCE
 
                             May 15
 
  On page 1 of the printed bill, line 2, after '726.250 ' insert
', 726.280 and 726.340.'.
  Delete line 3.
  On page 4, after line 9, insert:
  '  { +  SECTION 8. + } ORS 726.340 is amended to read:
  ' 726.340. If the pawn ticket or memorandum is lost, destroyed
or stolen, the pledgor shall so notify the pawnbroker in writing.
The { +  pawnbroker shall treat + } receipt of such notice
 { - shall be treated by the pawnbroker - }  as a stop against
the pledge loan, and thereafter the provisions of ORS 726.310 and
726.320 shall not apply to such pledge loan. Before delivering
the pledge or issuing a new pawn ticket in such event, the
pawnbroker may require the pledgor to make an affidavit of the
alleged loss, destruction or theft of the ticket.   { - Upon
receipt of the affidavit, or in case no affidavit is required,
then within not less than three nor more than five days from
receipt of - }   { + Not more than five days after receiving + }
notice of the loss of the ticket, the pawnbroker shall permit the
pledgor either to redeem the pledge or to receive a new ticket
upon the payment of accrued interest, and the pawnbroker shall
incur no liability for so doing unless the pawnbroker has
previously received written notice of an adverse claim. This
section   { - shall not be construed as in any manner limiting or
affecting - }  { +  does not limit or affect + } the pawnbroker's
legal liability in cases where goods are stolen or other legal
defects of title exist in the pledgor.'.
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