13-32a-104.5 - Database information from coin dealers -- New and prior customers.
13-32a-104.5. Database information from coin dealers -- New and prior customers.
(1) A coin dealer shall maintain in a register and provide for the database the informationunder this section for each transaction of a coin or precious metal with a person with whom thecoin dealer has not previously conducted a transaction.
(2) For transactions under Subsection (1), the coin dealer or the coin dealer's employeeshall enter the following information in the register regarding every coin or precious metaltransaction:
(a) the date and time of the transaction;
(b) the receipt number;
(c) the following information regarding the person who sells the coin or precious metal:
(i) the person's name, residence address, and date of birth;
(ii) the number of the driver license or other form of positive identification presented bythe person, and notations of discrepancies if the person's physical description, including gender,height, weight, race, age, hair color, and eye color, does not correspond with identificationprovided by the person;
(iii) the person's signature; and
(iv) a legible fingerprint of the person's right thumb, or if the right thumb cannot befingerprinted, a legible fingerprint of the person with a written notation identifying the fingerprintand the reason why the thumb print was unavailable;
(d) the amount paid for the article, or the article for which it was traded;
(e) the identification of the coin dealer or the employee who is conducting thetransaction; and
(f) an accurate description of the coin or precious metal, including available identifyingmarks such as:
(i) type and name of coin or type and content of precious metal;
(ii) metallic composition, and any jewels, stones, or glass;
(iii) any other marks of identification or indicia of ownership on the article;
(iv) the weight of the article, if the payment is based on weight;
(v) any other unique identifying feature; and
(vi) metallic content.
(3) If multiple coins or precious metals in an amount that would make reporting of eachitem unreasonably difficult are part of a single sale transaction, a general description of the itemsand a photograph of the items, which shall be stored by the coin dealer with a copy of the invoiceof the transaction for three years from the date of the transaction.
(4) If the person selling a coin or precious metal to the coin dealer has an establishedprevious transaction history with the coin dealer, the coin dealer or the coin dealer's employeeshall enter the following information in the register:
(a) the date and time of the transaction;
(b) indication that the coin dealer has conducted business with the seller previously;
(c) the identification of the coin dealer or the employee who is conducting thetransaction;
(d) the initials of the seller's legal name, including any middle name;
(e) form of identification presented by the seller at the time of sale;
(f) the last four digits of the unique identifying number on the form of identification; and
(g) the identifying information under Subsection (2)(f) and under Subsection (3) as
applicable.
(5) A coin dealer may not accept any coin or precious metal if, upon inspection, it isapparent that serial numbers or identifying characteristics have been intentionally defaced on thatcoin or precious metal.
Enacted by Chapter 272, 2009 General Session