A. Information Required: Every precious metal dealer shall keep a record of every article purchased by him or her, or sold by him or her, and this record shall be open to the inspection of any police officer at any time during the hours of business. Such record shall be upon the form as may be required by the Chief of Police and shall provide the following information:
1. Name, address and license number of the precious metal dealer;
2. The name, age, sex, driver's license number or social security number, and street address of the person with whom the transaction is conducted;
3. The date of the transaction, the article pledged or sold, together with its description, serial number or other identification, and the amount and terms of the transaction;
4. The seller's motor vehicle operator or chauffeur's license number and the state of issue;
5. Signature lines or space for the execution by both precious metal dealer and the seller.
B. Execution; Verification: Every record shall be executed by the precious metal dealer at the time of purchase or sale, the precious metal dealer shall compare the picture and signature upon the motor vehicle operator's license or State issued identification card with that upon the record.
C. Title Of Articles: Every precious metal dealer shall be required to ascertain title in and to any article purchased or sold to him or her. This subsection shall apply to all secondhand purchases for resale, but shall not apply to articles of new merchandise purchased by a precious metal dealer in the ordinary channels of trade.
D. Records Of Purchase And Sale: All records of purchase or sale shall be made in triplicate, one copy to be retained by the precious metal dealer and two (2) copies to be transmitted to the Police Department.
E. Term Of Records Retention: All records of purchase or sale shall be retained by the precious metal dealer for a one year period.
F. Availability For Inspection: All records required by this section shall be made available during ordinary business hours for inspection by any law enforcement officer.
G. Lost, Stolen Property: Every precious metal dealer having good cause to believe that any property in his possession has been previously lost or stolen shall forthwith report such fact to the Police Department, together with the name of the owner, if known, and the date when and the name of the person from whom the property was received. (1952 Code § 5-20-06)