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Home » US Law » 2022 Rhode Island General Laws » Title 6 - Commercial Law – General Regulatory Provisions » Chapter 6-11.1 - Purchase and Sale of Precious Metals

Section 6-11.1-1. – License required — “Person” defined.

§ 6-11.1-1. License required — “Person” defined. (a) No person, including a pawnbroker, consignment shop, or salvage yard operator or second-hand dealer, as defined in § 5-21-1, shall engage in the business of buying or receiving for the purpose of selling: gold, silver, platinum group metals, or precious stones, or any articles containing those items, […]

Section 6-11.1-10. – Suspension, revocation, and nonrenewal of license.

§ 6-11.1-10. Suspension, revocation, and nonrenewal of license. The attorney general, upon his or her own motion or upon receipt of a signed, written complaint alleging violations of this chapter or of the rules and regulations promulgated pursuant to this chapter, may, after a hearing, suspend, revoke, or refuse to renew any license issued pursuant […]

Section 6-11.1-11. – Hearings.

§ 6-11.1-11. Hearings. Hearings conducted pursuant to this chapter shall be in accordance with the Administrative Procedures Act, chapter 35 of title 42. History of Section.P.L. 1985, ch. 474, § 2.

Section 6-11.1-12. – Appeals.

§ 6-11.1-12. Appeals. Appeals from a decision by the attorney general shall be made to the sixth division district court in Providence. Appeals from the decision of the sixth division district court shall be to the supreme court in accordance with the Administrative Procedures Act, chapter 35 of title 42, as amended. History of Section.P.L. […]

Section 6-11.1-13. – Disqualifying criminal records — Employees or agents of licensee.

§ 6-11.1-13. Disqualifying criminal records — Employees or agents of licensee. A licensee convicted in a court of this state, a court of another state, or in a federal court, of a felony charge of forgery; embezzlement; obtaining money under false pretenses; bribery; larceny; extortion; conspiracy to defraud; receiving stolen goods; burglary; breaking and entering; […]

Section 6-11.1-14. – Severability.

§ 6-11.1-14. Severability. If any provision or phrase of this chapter or application of this chapter to any person or circumstances is held invalid, the invalidity shall not affect other provisions or phrases or applications of this chapter that can be given effect without the invalid provision or phrase or application, and to this end […]

Section 6-11.1-4. – Record of transactions required — Reports to police.

§ 6-11.1-4. Record of transactions required — Reports to police. (a) Except as provided in subsection (e) of this section, every person licensed under this chapter shall keep a copy of the report form obtained from or under the direction of the attorney general, containing a comprehensive record of all transactions concerning precious metals including […]

Section 6-11.1-7. – Penalties.

§ 6-11.1-7. Penalties. (a) Every person who shall violate the provisions of this chapter shall be guilty of a misdemeanor and shall be fined not more than five hundred dollars ($500) or imprisoned for not more than one year, or both. (b) If the value of the property involved in a transaction that is in […]

Section 6-11.1-8. – Rules and regulations.

§ 6-11.1-8. Rules and regulations. The attorney general is authorized to promulgate, adopt, and enforce any and all rules and regulations deemed necessary to carry out the duties and responsibilities of this chapter. Rules and regulations shall be adopted in accordance with the Administrative Procedure Act, chapter 35 of title 42. History of Section.P.L. 1985, […]

Section 6-11.1-9. – Refusal to issue license.

§ 6-11.1-9. Refusal to issue license. The attorney general shall refuse to issue a license when the attorney general has found that the application for the license contains a false representation of a material fact; when investigation reveals that the person applying for the license has previously been guilty of a violation of this chapter […]