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IN HB1376
Bill
Status
1/17/2017
Primary Sponsor
Justin Moed
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AI Summary
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Requires all persons engaged in purchasing and reselling valuable metal to register as a valuable metal dealer with the superintendent beginning January 1, 2018.
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Establishes an initial registration fee of $200 and an annual renewal fee of $150 for valuable metal dealer certificates valid for one year.
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Mandates dealers provide business name, street address, owner and manager names, email address, and electronic connectivity confirmation in an electronic format prescribed by the department.
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Requires superintendent to contract with a third party administrator by January 1, 2018 to maintain a secure database storing dealer information and transaction data accessible to law enforcement agencies for enforcement purposes.
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Allows individual dealers to search, modify, or update only their own business data in the registry, and requires dealers to prominently display their annual registration certificate at their place of business.
Legislative Description
Data base of valuable metal transactions. Creates the valuable metal dealers registry. Allows the state police department to contract with a third party to maintain a valuable metal dealers data base.
Last Action
First reading: referred to Committee on Commerce, Small Business and Economic Development
1/17/2017