Louisiana Bill195 Passed! Law Bans Cash For Second Hand Transactions

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Law Bans Cash for Second Hand Transactions in Louisiana - Bill 195 - bye bye America A new law passed in Louisiana has made it illegal for consumers to pay for second-hand goods with cash, in a ruling that has a substantial effect on the many flea markets in the state. House Bill 195 states that "Anyone, other than a non-profit entity, who buys, sells, trades in or otherwise acquires or disposes of junk or used or secondhand property more frequently than once per month from any other person, other than a non-profit entity, shall be deemed as being in the business of a secondhand dealer. 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." What This Means for Vendors The bill will make operations for trading posts and flea markets far more strenuous in an attempt to stop fraud, as customers will be forced to use checks or money orders for transactions. The definition of the bill is broad enough that it also could be used to stop sales through Ebay or Craigslist. State Representative Rickey Hardy, who co-authored the bill, said that the paper trail will make it more difficult for criminals to sell stolen items for quick cash. "It's a mechanism to be used so the police department has something to go on and have a lead." Attorney Thad D. Ackel, lead ...

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