Amending Chapter 4 Indiana Entitled Licensing

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• • (3) The applicant for a precious metals dealer license shall pay an annual fee of one hundred dollars ($100.00) to the Controller, upon issuance of the license. (c) Report to police and records required; contents. (1) Every dealer shall mail completed precious metal report forms supplied by the Police Department to the Police Chief within twenty-four ( 24) hours from time of purchase of any precious metal items. The reports must contain the seller' s name and address, social security number, the price paid for each item, the purchase date; and time, a description of each article purchased, including identifying marks and the manufacturer (where known) , and the seller' s driver' s license number or the number of any other identification issued by a governmental authority bearing the seller' s photograph, and the account number from one additional piece of recognized identification. The form shall also bear a clear, inked impression of the seller' s right thumb print and the same transaction number as recorded in the dealer' s record book as required by paragraph ( 2) below. (2) The dealer shall also record the seller' s physical description and a description of the property purchased as required in this sections in a bound book with consecutively numbered pages, using consecutive transaction numbers and shall retain the book for three years from the date of the last purchase recorded pufehase: therein. (3) The-deaier-shaii-phetegragh-eaeh-grasp-ef purchased-preeieas-metais-using-an-instant-ghetegraphy-preeess-when the-tetai-garehase-exceeds-fifty-deiiars-{$58.99}---The-ghetegraphs shaii-be-ferwarded-te-the-Peiiee-chief-with-the-repent-forms regained-ia-this-seetiea- When the purchase price of any precious metal item or group of items exceeds fifty dollars ($50.00) the dealer shall make a clear photograph of each item or group of items and forward the photograph(s) to the Police Chief along with the report forms required by this section. (4) When the price of any item or group of items sold by the dealer exceeds fifty dollars ($50.00) the dealer shall record the name and address of the purchaser in a bound book with consecutively numbered pages and shall retain the book for three (3) years from the date of the last sale recorded therein. In addition, every second hand dealer shall present said books to the Police Chief for inspection and copying each week on a day designated by the Chief. +4+( 5) Any records required to be kept or maintained under this section shall be available at all times for inspection by the Police Chief or person duly authorized by him to inspect the records. +5}(6) The Police Department shall not reveal a seiierls the identity of a seller or purchaser supplied under this section, except to other law enforcement agencies and prosecuting officials or pursuant to a valid court order, or in the course of any criminal investigation. (d) Precious metal purchases from minors prohibited. No dealer shall purchase precious metals from a person under eighteen (18) years of age. (e) Precious metals to be held for seven-}7} fourteen (14) days before resale. All precious metals purchased by a dealer must be held for seven-47} fourteen (14) days within the City in the dealer' s possession, before being resold, melted or altered in any manner. If the geeds items purchased are held or stored at a location other than the peiat-of-saie; dealer' s premises licensed under this section, the location of these goods and the holder' s idenficiation must be filed with the Police Chief within twenty-four ( 24) hours from the time of purchase. All goods required to be held under this section shall be available at all times for inspection by the Police Chief or person duly authorized by him to inspect the goods. r.F1 '^;n rnrnHaca _ Any purchase of coins made up in part