Louisiana Makes It Illegal To Use Cash For Secondhand Sales

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12-16-2012, 20:15
blacklabel

Louisiana Makes It Illegal To Use Cash For Secondhand Sales

Louisiana Makes It Illegal To Use Cash For Secondhand Sales

Quote:

A secondhand dealer shall not enter into any cash transactions in payment for the purchase of junk or used or secondhand property. Payment shall be made in the form of check, electronic transfers, or money order issued to the seller of the junk or used or secondhand property and made payable to the name and address of the seller. All payments made by check, electronic transfers, or money order shall be reported separately in the daily reports required by R.S. 37:1866.
12-16-2012, 20:19
cstone

I am unfamiliar with Louisiana law.

Is a secondhand dealer the Louisiana equivalent of a pawn shop? Does this in any way affect private sales such as garage sales or flea markets?
12-16-2012, 20:20
blacklabel

I've been looking for clarification on that myself. I would assume that it doesn't affect private party transactions as there are reporting requirements included.
12-16-2012, 21:15
patrick0685

Quote:

Originally Posted by blacklabel

I've been looking for clarification on that myself. I would assume that it doesn't affect private party transactions as there are reporting requirements included.

it will be a cold day in hell when I report a private party transaction