Introduced Version
HOUSE BILL No. 1324
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DIGEST OF INTRODUCED BILL
Citations Affected: IC 25-37.5-1-2.
Synopsis: Valuable metal dealers. Requires valuable metal dealers to
make and retain copies of government issued photographic
identification used to verify the identity of persons from whom the
dealers purchase valuable metal.
Effective: July 1, 2007.
January 16, 2007, read first time and referred to Committee on Government and Regulatory
Reform.
Introduced
First Regular Session 115th General Assembly (2007)
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HOUSE BILL No. 1324
A BILL FOR AN ACT to amend the Indiana Code concerning
professions and occupations.
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 25-37.5-1-2; (07)IN1324.1.1. -->
SECTION 1. IC 25-37.5-1-2 IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE JULY 1, 2007]: Sec. 2. (a) Except as
provided in section 5 of this chapter, every valuable metal dealer in this
state shall enter on forms provided by the state police department for
each purchase of valuable metal the following information:
(1) The name and address of the dealer.
(2) The date and place of each purchase.
(3) The name, address, age,
and driver's license number or Social
Security number of the person or persons from whom the valuable
metal was purchased.
(4) The valuable metal dealer shall verify the identity of the
person from whom the valuable metal was purchased by use
of a government issued photographic identification. The
dealer shall enter on the form the type of government issued
photographic identification used to verify the identity of the
person from whom the valuable metal was purchased,
together with the:
(A) name of the government agency that issued the
photographic identification; and
(B) identification number present on the government
issued photographic identification.
(4) (5) The motor vehicle license number of the vehicle or
conveyance on which the valuable metal was delivered to the
dealer.
(5) (6) The price paid for the metal.
(6) (7) A description and weight of the valuable metal purchased.
(b) A valuable metal dealer shall make and retain a copy of the
government issued photographic identification described under
subsection (a)(4) used to verify the identity of the person from
whom valuable metal was purchased.
(b) (c) The completed form
and the copy of the government issued
photographic identification described in subsection (b) shall be kept
in a separate book or register by the dealer and shall be retained for a
period of two (2) years. Such book or register shall be made available
for inspection by any law enforcement official at any time. Within
twenty-four (24) hours from the date of purchase of a valuable metal
the valuable metal dealer shall notify the local law enforcement agency
in writing or orally of the description of the purchase and the name of
the individual who sold the product to the dealer. Notification is not
required for such purchases if a bill of sale or other evidence of
ownership is presented at the time of the sale of the product to the
dealer from a public utility, railroad, county, city or state highway
department, public or private school, or an institution of higher
education.