Maine § 30-A §3972 Dealers in secondhand precious metals

Maine Statutes

§ 30-A §3972 — Dealers in secondhand precious metals

Maine § 30-A §3972

Title 30-AMUNICIPALITIES AND COUNTIES

Part 2MUNICIPALITIES

Ch. 183ECONOMIC REGULATION

This text of Maine § 30-A §3972 (Dealers in secondhand precious metals) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 30-A, § 30-A §3972 (2026).

Text

1.Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings.

2.Records required. A dealer shall maintain the following records with respect to each transaction conducted by the dealer involving secondhand precious metals:

3.Retention and maintenance of records. The records required under subsection 2 must be kept for a period of one year and maintained in order by date of purchase.

4.Availability for inspection. Upon request by a law enforcement officer or prosecuting attorney, a dealer in secondhand precious metals shall promptly make available for inspection at the dealer's principal place of business the records required under subsection 2.

5.Holding period. A dealer may not sell or alter any precious metals until

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1.
Definitions.
As used in this section, unless the context otherwise indicates, the following terms have the following meanings.
2.
Records required.
A dealer shall maintain the following records with respect to each transaction conducted by the dealer involving secondhand precious metals:
3.
Retention and maintenance of records.
The records required under subsection 2 must be kept for a period of one year and maintained in order by date of purchase.
4.
Availability for inspection.
Upon request by a law enforcement officer or prosecuting attorney, a dealer in secondhand precious metals shall promptly make available for inspection at the dealer's principal place of business the records required under subsection 2.
5.
Holding period.
A dealer may not sell or alter any precious metals until the precious metals have remained in the dealer's possession for 15 days after the date of acquisition by the dealer, except that a dealer who determines that the precious metals are not listed in an electronic database designed to catalog stolen property may sell or alter the precious metals 5 business days after the date of acquisition.
6.
Municipal registration or permit.
A person may not act as a dealer without registering as a dealer in secondhand precious metals with or, if required by the municipality, obtaining a permit issued by the municipal officers of the municipality in which the person intends to maintain a permanent place or places of business. A dealer shall provide the address of the permanent place of business at which the dealer will do business to the municipality and shall notify the municipality if the location changes.
7.
Exemption.
This section does not apply to an auctioneer licensed under Title 32, chapter 5-B.
8.
Violations.
A dealer who violates any of the requirements of this section is guilty of a Class E crime except as specified in subsection 2, paragraph E. A court may award restitution pursuant to Title 17-A, section 2005 to any victim, including a dealer, who suffers an economic loss as the result of a violation of this section.