Code of Virginia - Title 54.1 Professions And Occupations - Chapter 41 Precious Metals Dealers

54.1-4100 Definitions
For the purposes of this chapter, unless the context requires a different meaning: "Coin" means any piece of gold, silver or other metal fashioned into ...

54.1-4101 Records to be kept; copy furnished to local authorities
A. Every dealer shall keep at his place of business an accurate and legible record of each purchase of precious metals or gems. The record ...

54.1-4101.1 Officers may examine records or property; warrantless search and seizure authorized
Every dealer or his employee shall admit to his place of business during regular business hours the chief law-enforcement officer or his designee of the ...

54.1-4102 Credentials and statement of ownership required from seller
No dealer shall purchase precious metals or gems without first (i) ascertaining the identity of the seller by requiring an identification issued by a governmental ...

54.1-4103 Prohibited purchases
A. No dealer shall purchase precious metals or gems from any seller who is under the age of eighteen. B. No dealer shall purchase precious ...

54.1-4104 Dealer to retain purchases
A. The dealer shall retain all precious metals or gems purchased for a minimum of ten calendar days from the date on which a copy ...

54.1-4105 Record of disposition
Each dealer shall maintain for at least twenty-four months an accurate and legible record of the name and address of the person, firm, or corporation ...

54.1-4106 Bond or letter of credit required of dealers when permit obtained
A. Every dealer shall secure a permit as required by § 54.1-4108, and each dealer at the time of obtaining such permit shall enter into ...

54.1-4107 Private action on bond or letter of credit
Any person aggrieved by the misconduct of any dealer which violated the provisions of this chapter may maintain an action for recovery in any court ...

54.1-4108 Permit required; method of obtaining permit; no convictions of certain crimes; approval of weighin...
A. No person shall engage in the activities of a dealer as defined in § 54.1-4100 without first obtaining a permit from the chief law-enforcement ...

54.1-4109 Exemptions from chapter
A. The chief law-enforcement officer of a county, city or town, or his designee, may waive by written notice implementation of any one or more ...

54.1-4110 Penalties; first and subsequent offenses
A. Any person convicted of violating any of the provisions of this chapter shall be guilty of a Class 2 misdemeanor for the first offense. ...

54.1-4111 Local ordinances
Nothing in this chapter shall prevent any county, city, or town in this Commonwealth from enacting an ordinance regulating dealers in precious metals and gems ...