1-15-19-8: RECORDS:

   A.   Every precious metal dealer shall keep a record of every article purchased by him or her, and this record shall be open to the inspection of any City of Middleton police officer at any time during the hours of business so long as said inspection does not unreasonably interfere with the business activities. Such record shall provide the following information:

      1.   Name and address of the precious metal dealer.

      2.   The name, age, sex, driver's license photocopy or photo identification number and state of issue, and street address of the person with whom the transaction is conducted.

      3.   The date of the transaction, the article pledged or sold together with its description, serial number or other identification, and the amount and terms of the transaction.

      4.   Signature for the transaction by both the precious metal dealer and the seller.

The requirement for identification and recordkeeping will not apply to buyers of precious metals.

   B.   Every record shall be executed by the precious metal dealer at the time of purchase or sale, the precious metal dealer shall compare the picture and signature upon the motor vehicle operator's license or State issued identification card with that upon the record.

   C.   All records of purchase shall be retained by the precious metal dealer for a one year period.

   D.   Every precious metal dealer having good cause to believe that any property in his possession has been previously lost or stolen shall forthwith report such fact to the Middleton City Police Department, together with the name of the owner, if known, and the date when and the name of the person from whom the property was received. (Ord. 587, 1-18-2017; amd. Ord. 609, 7-3-2018)