Chapter 13 LICENSES, PERMITS AND MISCELLANEOUS BUSINESS REGULATIONS*
Section 13-118 Records--Required; contents; inspection.
(a) No dealer shall purchase or accept the pledge of any
object comprised in whole or in part
of precious metal when the total amount of any purchase or pledge transaction exceeds twenty-five dollars
($25.00) without making a record which shall contain:
(1) The time and date of the transaction.
(2) A brief description of the object
or objects and the price paid therefor, the object traded
for or the amount of the pledge accepted.
(3) The person selling or pledging
the object; the address of such person and a record of a
form of valid identification containing a photograph of the individual presented by such person at
the date of sale or pledge, such record to include the serial or identifying number contained on
(4) In the event that the seller or
pledger fails to provide an identification card containing a
photograph, the number of the check used in payment for the object or the pledge therefor or in
the alternative, a photograph of the seller or pledger, may be taken.
(5) The name of the dealer when he
accepts the object for purchase or pledge, or the
employee or agent who accepts the object for purchase or pledge on behalf of the dealer.
(b) No record made under the provisions of paragraph (a)
of this section shall be damaged,
altered or destroyed until same shall have been inspected by the chief of police, his designee or
the business license administrator, or until eighteen (18) months from the date the record is
made, whichever comes first.
(c) Violation of the provisions of this section shall be
a Class A misdemeanor and punishable
under the penalties as provided in section 16-66 of this Code.
(Code 1964, § 11.1360)