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IN HB1264
Bill
Status
1/10/2017
Primary Sponsor
Doug Gutwein
Click for details
AI Summary
HB 1264 Summary
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State police department must establish and maintain an electronic registry of valuable metal purchases by January 1, 2018, with dealers required to submit transaction information within 24 hours after December 31, 2017.
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Valuable metal dealers must collect and record detailed transaction information including buyer identification, government-issued photo ID, vehicle license number, metal description and weight, price paid, and photographs of both the buyer and metal.
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Failure to submit required information to the electronic registry within 24 hours is a Class A infraction (maximum one infraction per calendar day).
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Knowingly or intentionally failing to comply with valuable metal dealer regulations is upgraded from a Class A infraction to a Class C misdemeanor for both dealers and persons selling metal to non-compliant dealers.
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Secretary of state must revoke vehicle salvaging licenses for persons with at least three criminal convictions for violating valuable metal dealer regulations when court recommends revocation.
Legislative Description
Regulation of valuable metal transactions. Requires, after December 31, 2017, a valuable metal dealer (dealer) to enter into a registry established and maintained by the state police department certain information concerning a valuable metal purchase transaction. Makes it a Class A infraction to fail to enter the required information into the registry within 24 hours of the valuable metal purchase transaction. Makes it a Class C misdemeanor instead of a Class A infraction for a dealer to knowingly or intentionally fail to comply with the law concerning regulation of dealers. Makes it a Class C misdemeanor instead of a Class
Last Action
First reading: referred to Committee on Courts and Criminal Code
1/10/2017