HB 41 — An Act amending the act of February 24, 1984 (P.L.92, No.17), referred to as the Precious Metal Sale Regulation Law, further providing for definitions, for license required, for records of transactions, for dealer's retention of precious metal and availability for inspection, for purchases from minors and for penalty.

PRIOR PRINTER'S NO.

47 PRINTER'STHE NO.GENERAL ASSEMBLY OF PENNSYLVANIA HOUSE BILL Session of No.

102941 THE2017 GENERALINTRODUCED ASSEMBLYBY OFSACCONE, PENNSYLVANIAHEFFLEY, HOUSEWHEELAND, BILLIRVIN, SessionZIMMERMAN AND GABLER, JANUARY 23, 2017 REFERRED TO COMMITTEE ON CONSUMER AFFAIRS, JANUARY 23, 2017 AN ACT Amending the act of No.February 24, 1984 (P.L.92, No.17), entitled "An act regulating the purchase and sale of precious metals," further providing for definitions, for license required, for records of transactions, for dealer's retention of precious metal and availability for inspection, for purchases from minors and for penalty.

41 2017 INTRODUCED BY SACCONE, HEFFLEY, WHEELAND, IRVIN, GABLER, KORTZ AND FARRY, JANUARY 23, 2017 AS AMENDED ON SECOND CONSIDERATION, HOUSE OF REPRESENTATIVES, MARCH 20, 2017 AN ACT Amending the act of February 24, 1984 (P.L.92, No.17), entitled "An act regulating the purchase and sale of precious metals," further providing for definitions, for license required, for records of transactions, for dealer's retention of precious minors and for penalty.for inspection, for purchases from The General Assembly of the Commonwealth of Pennsylvania hereby enacts as follows:

20170HB0041PN1029 - 2 - (3) An expiration date.

20170HB0041PN0047 - 2 - "Silver." Any alloy of the element silver, 900/1000 or more parts per thousand, by weight, of pure silver.

THE ITEM, IF <-- THE ITEM PURCHASED HAS ANY DISTINGUISHING DETAILS, INCLUDING IDENTIFYING MARKS, INITIALS, INSIGNIAS, INSCRIPTIONS OR OTHER UNIQUE IDENTIFYING FEATURES.

and 20170HB0041PN1029 - 3 - (iii) of sufficient size and clarity to identify any distinguishing details of a purchased item, including <-- identifying marks, initials, insignias, inscriptions or 20170HB0041PN0047 - 3 - other unique identifying features.

A search warrant shall not be required unless the inspection is made during hours other than those when the dealer 20170HB0041PN1029 - 4 - in precious metals is open for business.

Upon notice, in writing, to a dealer by a law enforcement official investigating a reported theft of precious metals, transaction records may be 20170HB0041PN0047 - 4 - inspected by a representative of a licensed insurance company that has paid or is contractually obligated to pay a claim for the loss.

(a) Unlicensed dealers.--The purchase of an item of precious metal by an unlicensed dealer in precious metals shall 20170HB0041PN1029 - 5 - constitute a violation of this act and the dealer shall be guilty of a misdemeanor of the [third] second degree.

(b) Licensed dealers.--Any licensed dealer in precious 20170HB0041PN0047 - 5 - metals who violates any provisions of this act shall be guilty of a misdemeanor of the [third] second degree.

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