HARRY HUGHES, Governor                               1853

(1)  OPERATE FOR UP TO 7 CONSECUTIVE DAYS AT A
BONA FIDE AUCTION, SHOW, CONVENTION, SALE OR EXHIBITION
AFTER WRITTEN NOTICE TO THE LOCAL LAW ENFORCEMENT AGENCY
HAVING JURISDICTION OVER THE PLACE WHERE THE AUCTION, SHOW,
CONVENTION, SALE OR EXHIBITION WILL BE HELD;

(2)  MAKE PURCHASES AT AN ESTATE OR JUDICIAL SALE
WHERE THE SALE IS HELD; OR

(3)  UPON REQUEST OF AN INDIVIDUAL OWNER OF
PRECIOUS METALS AND AFTER WRITTEN NOTICE OF THE PROPOSED
TRANSACTION AND ITS LOCATION TO THE LOCAL LAW ENFORCEMENT
AGENCY HAVING JURISDICTION OVER THE ADDRESS OF THE PROPOSED
TRANSACTION, TRANSACT BUSINESS WITH THE INDIVIDUAL OWNER AT
THE OWNER'S RESIDENCE ADDRESS OR AT ANOTHER ADDRESS WHERE
THE INDIVIDUAL OWNER KEEPS PRECIOUS METALS.

(C) A LICENSE ISSUED UNDER THIS SUBTITLE IS NOT
TRANSFERABLE.

422.

(A) (1) EACH DEALER SHALL MAINTAIN WRITTEN RECORDS ON
FORMS SUPPLIED BY THE SECRETARY OF ALL BUSINESS TRANSACTIONS
INVOLVING ACQUISITIONS OF PRECIOUS METALS AT THE TIME THE
TRANSACTIONS ARE MADE.

(2) A SEPARATE RECORD ENTRY SHALL BE KEPT MADE
FOR EACH ITEM INVOLVED IN A TRANSACTION. HOWEVER, ITEMS IN
A MATCHING SET MAY BE RECORDED AS A SET IF ACQUIRED IN A
SINGLE TRANSACTION.

(B)  THE RECORDS SHALL INCLUDE:

(1)  THE PLACE, TIME, AND DATE OF EACH
TRANSACTION;

(2)  IF THE TRANSACTION IS BY AGENT, THE NAME AND
ADDRESS OF THE PRINCIPAL;

(3)  A DESCRIPTION OF THE PRECIOUS METAL THAT IS
THE SUBJECT OF THE TRANSACTION, INCLUDING:

(I)  THE APPROXIMATE METALLIC COMPOSITION;

(II)  ANY JEWELS, STONES, OR GLASS
COMPONENTS;

(III)  A LISTING OF ALL NUMBERS, MARKS,
MONOGRAMS, WORDS, TRADEMARKS, MANUFACTURERS' MARKS; AND

(IV)  ANY OTHER MARKS OF IDENTIFICATION
APPEARING ON THE ITEM, INCLUDING OWNER APPLIED
IDENTIFICATION MARKS;

(V)  THE WEIGHT OF THE ITEM, IF PAYMENT IS
BASED ON WEIGHT;