§ 38-91. Records of purchases to be kept by dealers and furnished daily to police.

(a)

Every dealer shall keep at his place of business an accurate and legible record of each purchase of precious metals or gems. The record of each purchase shall be retained by the dealer for at least twenty-four (24) months and shall set forth the following:

(1)

A complete description of all precious metals or gems purchased from each seller. The description shall include all names, initials, serial numbers or other identifying marks or monograms on each item purchased, the true weight or carat of any gem, and the price paid for each item;

(2)

The date, time and place of receiving the items purchased;

(3)

The full name, residence address, workplace, home and work telephone numbers, date of birth, sex, race, height, weight, hair and eye color, and other identifying marks;

(4)

Verification of the identification by the exhibition of a government-issued identification card such as a driver's license or military identification card. The record shall contain the type of identification exhibited, the issuing agency and the number thereon; and

(5)

A statement of ownership from the seller.

(b)

The information required by subsections (1) through (5) of paragraph (a) shall appear on each bill of sale for all precious metals and gems purchased by a dealer, and a copy shall be mailed or delivered within twenty-four (24) hours of the time of purchase to the chief law-enforcement officer of the city.

(c)

Where the purchase, sale or acquisition occurs during a weekend or holiday, then the delivery of the information required to be submitted to the chief of police shall be made no later than 10:00 a.m. of the next regular working day.

(d)

Every dealer or his employee shall admit to his place of business during regular business hours the chief law-enforcement officer of the city, or his designee or any law-enforcement officer of the state or federal government. The dealer or his employee shall permit the officer to:

(i)

Examine all records required by this article and any item listed in a record which is believed by the officer to be missing or stolen; and

(ii)

Search for and take into possession any article known to him to be missing, or known or believed by him to have been stolen.

(e)

All transactions shall be subject to the waiting period as provided in section 38-92.

(f)

If requested by the chief of police or his designee the report required by this subsection shall be compiled and maintained in an electronic format, and such reports shall be filed with the chief of police using a disk, electronic transmission, or any other electronic means of reporting approved by the chief of police or his designee.

For each loan or transaction, a dealer may charge a service fee for making daily electronic reports to the chief of police required to be maintained under this section. Such fee shall not exceed five (5) percent of the amount of the loan or transaction or three dollars ($3.00), whichever is less.

(g)

The dealer must have a signed pawn or purchase receipt which states the seller is the rightful owner of the property to be pawned or sold. The receipt of the pawn or purchase shall be retained by the dealer for a period of at not less than twelve (12) months.

(Ord. No. 30,898, § 1, 12-9-80; Ord. No. 31,370, § 1, 10-13-81; Ord. No. 36,291, § 1, 12-18-90; Ord. No. 39,740, § 1, 10-26-99; Ord. No. 43,478, § 4, 6-16-09)

Cross reference— Similar provisions applicable to junk dealers, pawnbrokers, etc., §§ 38-3, 38-4.

(Ord. No. 30,898, § 1, 12-9-80; Ord. No. 31,370, § 1, 10-13-81; Ord. No. 36,291, § 1, 12-18-90; Ord. No. 39,740, § 1, 10-26-99; Ord. No. 43,478, § 4, 6-16-09)

Cross reference

Similar provisions applicable to junk dealers, pawnbrokers, etc., §§ 38-3, 38-4.