| Chapter 383 |
| 2022 -- S 2906 SUBSTITUTE A Enacted 06/30/2022 |
| A N A C T |
| RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- PURCHASE AND SALE OF PRECIOUS METALS -- CATALYTIC CONVERTERS |
Introduced By: Senators Goodwin, and McCaffrey |
| Date Introduced: April 26, 2022 |
| It is enacted by the General Assembly as follows: |
| SECTION 1. Section 6-11.1-4 of the General Laws in Chapter 6-11.1 entitled "Purchase |
| and Sale of Precious Metals" is hereby amended to read as follows: |
| 6-11.1-4. Record of transactions required -- Reports to police. |
| (a) Every Except as provided in subsection (e) of this section, every person licensed under |
| this chapter shall keep a copy of the report form obtained from or under the direction of the attorney |
| general, containing a comprehensive record of all transactions concerning precious metals |
| including catalytic converters. The comprehensive record shall be hand printed legibly or typed. |
| The record shall include the date and hour of the transaction; the name, address, telephone number |
| and date of birth of the seller, as well as a photocopy or digital image of a seller's photo |
| identification; the seller's signature,; and; a complete and accurate description of the property |
| purchased or sold including any serial numbers or other identifying marks or symbols; and the date |
| and hour of the transaction. |
| (b) For any transacted catalytic converter, the record shall include either the vehicle |
| registration or the vehicle identification number for the vehicle from which it was removed and the |
| license plate number, state of issue, make, and model of the vehicle used to deliver the property to |
| the licensee. |
| (b)(c) All persons licensed under this chapter shall deliver or mail weekly to the chief of |
| police of the city or town in which the business is located and electronically submit to the attorney |
| general, in a manner specified by the attorney general, all report forms from the preceding seven- |
| day (7) period. |
| (c)(d) Every person licensed under this chapter shall retain a copy of the report form for a |
| period of one year from the date of the sale stated on the form. These records are to be made |
| available for inspection by any law enforcement agency requesting to review them. Licensees or |
| secondary metals recyclers are prohibited from releasing a supplier's information without their |
| consent, unless the disclosure is made in response to a request from a law enforcement agency. |
| (e) The requirements set forth in subsection (b) of this section shall not apply to business- |
| to-business transactions. For purposes of this section, "business-to-business transactions" means a |
| purchase of precious metals from a person or entity that is in the business of generating precious |
| metals from its normal operation or is duly engaged in the business of purchasing, selling, bartering, |
| or dealing in automotive salvage, precious metals, or second hand secondhand articles. |
| (f) Any violation of these provisions shall be subject to the penalties set forth in ยง 6-11.1- |
| 7. |
| SECTION 2. This act shall take effect upon passage. |
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| LC005740/SUB A/2 |
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