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MO HB676
Bill
Status
2/20/2013
Primary Sponsor
Mary Nichols
Click for details
AI Summary
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Requires jewelry refiners operating in Missouri to obtain and retain a copy of the seller's photographic identification and create a photographic record of purchased jewelry
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Mandates a minimum 30-day waiting period before a refiner may refine or sell purchased jewelry to another refiner
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Requires retention of photographic identification and jewelry records for at least two years from the date each item was obtained
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Permits refiners to set purchase prices based on the end of the 30-day period using futures contract methodology or to discount initial prices as compensation for holding jewelry
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Establishes penalties of up to $1,000 fine for first violations as an infraction, and class A misdemeanor classification for second or subsequent violations
Legislative Description
Specifies that any refiner purchasing jewelry must keep and retain photographic copies and records of the jewelry and must wait a period of 30 days before refining or selling the jewelry
Last Action
Referred: Professional Registration and Licensing(H)
5/17/2013