Tuesday May 08, 2007

Used CD Legislation Slows Used Game Sales

New legislation governing the sale of used CDs essentially puts the sale of used game CDs into the same category as things sold at a pawnshop, with the same limitations and restrictions. Good idea? Bad idea? Useful or useless legislation? Hit the comments link below and share your thoughts.

Florida's new legislation goes well beyond the measures of a traditional pawn shop law. The state now requires all retailers selling second-hand CDs to acquire a permit and invest in a $10,000 security bond through the Department of Agriculture and Consumer Services. Stores must fingerprint individuals trading in CDs, copy their state identification, and pay them only in store credit; traded CDs must be held for 30 days before being resold.

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