§ 25.1-4. Records to be kept; daily electronic report 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 and purity, if known, of any precious metal, the true weight or carat of any gem, the color of any gem or precious metal, and the price paid for each item;

(2)

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

(3)

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

(4)

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

(5)

A statement of ownership from the seller; and

(6)

A digital image of the form of identification used by the seller.

(b)

The information required by subdivisions (1) through (5) of subsection (a) of this section shall appear on each bill of sale for all precious metals and gems purchased by a dealer.

(c)

The information required by subdivisions (1) through (4) and the digital image of the form of government-issued identification used by the seller required by subdivision (6) of subsection (a) of this section shall be submitted in an electronic format to the Chief of Police as specified by the Chief of Police or his designee. The electronic transaction report shall be submitted by noon the following day, except on weekends and holidays, when the electronic transaction report shall be submitted by noon the next regular business day. Faxing the information is not permitted.

(Ord. No. 3219, 2-28-12, eff. 4-1-12; Ord. No. 3298, 7-9-13; Ord. No. 3404, 4-21-15, eff. 6-1-15)

(Ord. No. 3219, 2-28-12, eff. 4-1-12; Ord. No. 3298, 7-9-13; Ord. No. 3404, 4-21-15, eff. 6-1-15)