2022 -- H 7751

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LC003230

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2022

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A N   A C T

RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS --

PURCHASE AND SALE OF PRECIOUS METALS -- CATALYTIC CONVERTERS

     

     Introduced By: Representatives Solomon, and Cardillo

     Date Introduced: March 02, 2022

     Referred To: House Corporations

     It is enacted by the General Assembly as follows:

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     SECTION 1. Section 6-11.1-4 of the General Laws in Chapter 6-11.1 entitled "Purchase

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and Sale of Precious Metals" is hereby amended to read as follows:

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     6-11.1-4. Record of transactions required -- Reports to police.

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     (a) Every person licensed under this chapter shall keep a copy of the report form obtained

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from or under the direction of the attorney general, containing a comprehensive record of all

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transactions concerning precious metals including catalytic converters. The comprehensive record

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shall be hand printed legibly or typed. The record shall include the name, address, telephone number

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and date of birth of the seller; a complete and accurate description of the property purchased or sold

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including any serial numbers or other identifying marks or symbols; and the date and hour of the

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transaction.

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     (b) Every person licensed under this chapter shall obtain from the seller, a copy of the

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vehicle registration for the vehicle from which the catalytic converter was removed. Said copy shall

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be recorded with the seller's information and provided to the local police department pursuant to

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this section.

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     (b)(c) All persons licensed under this chapter shall deliver or mail weekly to the chief of

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police of the city or town in which the business is located and electronically submit to the attorney

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general, in a manner specified by the attorney general, all report forms from the preceding seven-

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day (7) period.

 

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     (c)(d) Every person licensed under this chapter shall retain a copy of the report form for a

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period of one year from the date of the sale stated on the form.

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     (e) Any violation of these provisions shall be subject to the penalties set forth in ยง 6-11.1-

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7.

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     SECTION 2. This act shall take effect upon passage.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS --

PURCHASE AND SALE OF PRECIOUS METALS -- CATALYTIC CONVERTERS

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     This act would require a purchaser of a catalytic converter to obtain a copy of the

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registration for the vehicle from which the catalytic converter was removed and provide said copy

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to law enforcement.

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     This act would take effect upon passage.

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