Effective: September 26, 1996 Latest Legislation: Senate Bill 293 – 121st General Assembly As used in this chapter: (A) “Precious metals dealer” means a person who is engaged in the business of purchasing articles made of or containing gold, silver, platinum, or other precious metals or jewels of any description if, in any manner, including […]
Effective: September 26, 1996 Latest Legislation: Senate Bill 293 – 121st General Assembly (A) Except as provided in division (B) of this section, no person shall act as a precious metals dealer without first having obtained a license from the division of financial institutions in the department of commerce. (B) Notwithstanding any provision in this […]
Effective: October 9, 2021 Latest Legislation: House Bill 263 – 133rd General Assembly (A) As used in this section, “experience in the capacity involved” means that the applicant for a precious metals dealer’s license has had sufficient financial responsibility and experience in the business of precious metals dealer, or a related business, to act as […]
Effective: March 22, 2001 Latest Legislation: Senate Bill 180 – 123rd General Assembly On receipt of a notice pursuant to section 3123.43 of the Revised Code, the division of consumer finance shall comply with sections 3123.41 to 3123.50 of the Revised Code and any applicable rules adopted under section 3123.63 of the Revised Code with […]
Effective: July 1, 2007 Latest Legislation: House Bill 241 – 126th General Assembly (A) The application for a license under this chapter shall state fully the name and address of the person, or corporation, and of every member of the firm, partnership, or association, authorized to do business thereunder, the name of the individual responsible […]
Effective: July 1, 2009 Latest Legislation: House Bill 525 – 127th General Assembly (A) The superintendent of financial institutions may, either personally or by a person whom the superintendent appoints for the purpose, if the superintendent considers it advisable, investigate the business of every person licensed as a precious metals dealer under this chapter, and […]
Effective: September 26, 1996 Latest Legislation: Senate Bill 293 – 121st General Assembly Every person licensed under this chapter shall keep and use books and forms approved by the superintendent of financial institutions, which shall disclose, at the time of each purchase, a full and accurate description including identifying letters or marks thereon of the […]
Effective: March 17, 1987 Latest Legislation: House Bill 618 – 116th General Assembly Each person licensed under Chapter 4728. of the Revised Code, shall, every business day, make available to the chief or the head of the local police department, on forms furnished by the police department, a description of all articles received by the […]
Effective: March 17, 1987 Latest Legislation: House Bill 618 – 116th General Assembly No person licensed under Chapter 4728. of the Revised Code shall purchase any articles from any minor, or from any person intoxicated or under the influence of a controlled substance, from any person who is known or believed by the licensee to […]
Effective: July 22, 1994 Latest Legislation: House Bill 376 – 120th General Assembly (A) A person licensed under Chapter 4728. of the Revised Code shall retain in this state any articles purchased by him until the expiration of five days after the date of purchase. (B) If the chief or head of the local police […]
Effective: September 26, 1996 Latest Legislation: Senate Bill 293 – 121st General Assembly The superintendent of financial institutions shall enforce this chapter, make all reasonable effort to discover alleged violators, notify the proper prosecuting officer whenever the superintendent has reasonable grounds to believe that a violation has occurred, act as complainant in the prosecution thereof, […]
Effective: March 23, 2018 Latest Legislation: House Bill 199 – 132nd General Assembly This chapter does not apply to any of the following: (A) Any purchase of an article that is made of or contains gold, silver, platinum, or other precious metals or jewels of any description if both the buyer and seller, or the […]
Effective: September 26, 1996 Latest Legislation: Senate Bill 293 – 121st General Assembly (A) A person exempt from licensing under division (E) or (F) of section 4728.11 of the Revised Code, and who in the ordinary course of the person’s business obtains ownership by purchase of articles made of or containing gold, silver, platinum, or […]
Effective: September 26, 1996 Latest Legislation: Senate Bill 293 – 121st General Assembly (A) No person, firm, partnership, corporation, or association, and no agent, officer, or employee thereof, shall violate this chapter. The division of financial institutions upon a criminal conviction shall revoke any license theretofore issued to the person, firm, partnership, corporation, or association. […]
Effective: April 19, 1988 Latest Legislation: House Bill 708 – 117th General Assembly Any person who is injured by the failure of a person who is engaged in the business of purchasing articles that are made of or contain gold, silver, platinum, or other precious metals or jewels of any description to comply with this […]
Effective: March 22, 2013 Latest Legislation: House Bill 247 – 129th General Assembly The division of consumer finance shall comply with section 4776.20 of the Revised Code.
Effective: July 1, 1996 Latest Legislation: Senate Bill 2 – 121st General Assembly Whoever violates Chapter 4728. of the Revised Code is guilty of a misdemeanor of the first degree on a first offense and a felony of the fifth degree on each subsequent offense.
