(A) Each valuable metal dealer shall keep a record, on such standard form as the Police Department shall furnish, of each transaction involving the secondhand purchase by such dealer of an item containing a valuable metal. The form shall be prepared in ink, in duplicate, the original to be retained by the dealer, the duplicate to be filed by the dealer with the Police Department by the close of business on the first working day after completion of the transaction.
(B) The following must be noted concerning the transaction:
(1) Date.
(2) Time.
(3) Amount paid.
(4) Disposition of the item, including name and address of purchaser.
(C) The following record must be kept relating to the articles sold:
(1) Description of the item to include:
(a) Manufacturer's name.
(b) Serial number, if any.
(c) Any distinguishing marks.
(d) Weight of the item.
(e) Pattern.
(f) Number of items.
(g) Setting of any precious or semi-precious stones.
(2) A photograph of the item.
(D) The following records must be kept relating to the seller:
(1) Name.
(2) Address.
(3) Date of birth.
(4) Age.
(5) Hair.
(6) Race.
(7) Sex.
(8) Height.
(9) Weight.
(10) Build.
(11) General appearance.
(12) Distinguishing marks.
(13) A legible right thumb print.
(14) Social security account number.
(15) Photograph.
(E) Method of identification to include two identification cards, one with a picture and one corroborating, to include numbers from such cards.
(F) The original record of each secondhand transaction in any item containing any valuable metal shall be subject to inspection and examination by any member of the Police Department and any member of the Police Department shall be permitted to examine and inspect any and all items purchased by a valuable metal dealer which fall within the scope of this chapter.
(G) There is specifically excepted from the terms of this chapter any transaction by a person engaged in business within the town, possessing a current business license from the town, who is either accepting returns for cash, credit, or replacement of any item originally purchased from said person, or exchanging an item for another item of greater value. In addition, the terms of this chapter shall not include any purchase by a retailer from a bona fide manufacturer, nor any banking institution licensed to do business in the state.
('84 Code, § 112.03) Penalty, see § 112.99
Statutory reference:
State record keeping requirements, see IC 25-37.5-1-1 et seq.
State record keeping requirements, see IC 25-37.5-1-1 et seq.