24-4-19-14. Seller Identification; Photograph of Precious Metal
Sec. 14. (a) If a precious metal dealer purchases precious metal from a seller, the precious metal dealer shall: (1) verify the identity of the seller by use of a government issued photographic identification; (2) make a copy of the seller’s government issued photographic identification; and (3) take a photograph of the precious metal. (b) […]
24-4-19-15. Books, Accounts, and Records
Sec. 15. (a) A precious metal dealer shall keep and use in the precious metal dealer’s business the books, accounts, and records necessary to determine whether the precious metal dealer is complying with this chapter. (b) A precious metal dealer shall preserve the books, accounts, and records, including cards used in the card system, for […]
24-4-19-16. Precious Metal Purchases Reported to Law Enforcement Agencies
Sec. 16. (a) Each day a precious metal dealer purchases precious metal at a permanent place of business, the precious metal dealer shall report the information described in section 15(d) of this chapter concerning the precious metal to a law enforcement agency as follows: (1) If the permanent place of business is located in a […]
24-4-19-17. Examination of Records and Information by Law Enforcement Agencies
Sec. 17. (a) A precious metal dealer shall make the records and information under section 15 of this chapter available for examination upon the request of a law enforcement agency (as defined in IC 10-13-3-10). (b) The law enforcement agency under subsection (a) shall determine if: (1) the records are sufficient; and (2) the precious […]
24-4-19-18. Prohibited Precious Metal Purchases
Sec. 18. A precious metal dealer may not purchase precious metal: (1) from an individual less than eighteen (18) years of age; or (2) that the precious metal dealer believes or should have reason to believe is stolen property acquired as a result of a crime. As added by P.L.222-2013, SEC.3.
24-4-19-19. Retention of Precious Metal Purchases
Sec. 19. (a) A precious metal dealer shall hold each article of precious metal purchased by the precious metal dealer for at least ten (10) calendar days after the date the precious metal dealer purchases the precious metal: (1) at the precious metal dealer’s permanent place of business where the purchase occurred; and (2) separate […]
24-4-19-20. Confidentiality of Records and Information
Sec. 20. (a) Records and information generated by a precious metal dealer in the course of business are confidential under IC 5-14-3-4. (b) A law enforcement officer (as defined in IC 3-6-6-36(a)) may obtain or receive records and information described in subsection (a) relating to the purchase of precious metal for use in investigating crime. […]
24-4-19-21. Penalty
Sec. 21. A person who knowingly or intentionally violates this chapter commits a Class A misdemeanor. As added by P.L.222-2013, SEC.3.
24-4-19-11. Purchase or Resale of Precious Metal
Sec. 11. A precious metal dealer who purchases or resells precious metal must comply with this chapter. However, this chapter does not apply to jewelry used by a customer as a trade-in toward the purchase of a new piece of jewelry. As added by P.L.222-2013, SEC.3.
24-4-19-12. Permanent Place of Business Requirement
Sec. 12. A precious metal dealer may engage in the business of purchasing or reselling precious metal in Indiana only at a permanent place of business owned or leased by the precious metal dealer. As added by P.L.222-2013, SEC.3.