D.C. Mun. Regs. tit. 16, r. 16-1002

Current through Register 71, No. 45, November 7, 2024

Rule 16-1002 - DEALERS RECEIVING JEWELRY OR PRECIOUS METALS

1002.1

In addition to the requirements of§ 1001, a dealer purchasing or otherwise acquiring any article of jewelry or other article composed of or manufactured in whole or in significant part of a precious metal, including gold, silver, or platinum or derivatives or alloys or gold, silver, or platinum shall do the following:

(a) Require and inspect two (2) types of identification from the seller or person delivering the property, one (1) of which must be a government-issued identification that displays a photograph of the person;

(b) Record in the dealer's account of the transaction all pertinent information, including the person's date of birth, license number, social security number, height, weight, hair color, and eye color, to the extent contained in the identification provided by the seller or person delivering the property; and

(c) Pay for the articles only by check, the number and account of which are to be recorded in the dealer's book.

1002.2

The dealer may cash the check issued under § 1002.1(c) if the following conditions are met:

(a) The check is made payable to the seller;

(b) The seller endorses the check; and

(c) The dealer retains the check for a period of at least one (1) year from the date of the transaction.

1002.3

Except as provided in§ 1002.4, no dealer shall sell, dispose of in any manner, melt, vulcanize, or otherwise change or destroy the identity of any article of secondhand personal property purchased or taken in the course of this business until after the expiration of thirty (30) calendar days from the time at which report has been made to the Chief of Police of the purchase or receipt of the property.

1002.4

In the case of any article of jewelry or other thing composed of or manufactured in whole or in significant part of a precious metal, as defined in § 1002.1, which does not have a serial number visible on the exterior surface when received by the dealer, the article shall not be sold, disposed of in any manner, melted, taken apart, or any identification marks appearing on the article obliterated until after the expiration of thirty (30) calendar days from the time at which a report has been made to the Chief of Police concerning the purchase or receipt of the property.

1002.5

Property being held under § 1002.3 or 1002.4 shall be kept in the dealer's place of business and shall be kept separate and distinct from all other property or merchandise in the dealer's place of business.

1002.6

No junk dealer, Class A dealer, or Class C dealer in secondhand personal property shall purchase any piece or mass of melted precious metal, as defined in § 1002.1, ingot of amateur manufacture, or any article with serial numbers or jeweler's marks obliterated unless payment for the article is withheld for a period of twenty-four (24) hours and the Chief of Police is notified twenty-four (24) hours prior to the transaction of the pertinent information required under § 1001.

D.C. Mun. Regs. tit. 16, r. 16-1002

As amended by Final Rulemaking published at 61 DCR 12210 (November 28, 2014)