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IN HB1647
Bill
Status
1/24/2019
Primary Sponsor
Ross Deal
Click for details
AI Summary
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Creates a mandatory registration requirement for valuable metal dealers in Indiana, effective after December 31, 2019, with an initial registration fee of $200 and annual renewal fee of $150
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Requires dealers to provide business name, address, owner/manager names, email address, and electronic connectivity capability to the state police department
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Mandates the superintendent enter into an agreement with a third-party administrator before January 1, 2020 to maintain a secure database of dealer registrations and transaction data
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Database must provide searchable access to law enforcement agencies and allow dealers to view their own records, with free interlink programming for data transfers
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Registered dealers must 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. Requires the state police department to enter into an agreement 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
1/24/2019