§ 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 unexpired identification card issued by a governmental agency with the current legal address and a photograph of the seller thereon, and at least one other corroborating means of identification, and (ii) obtaining a statement of ownership from the seller. If the government-issued identification card does not bear the current legal address, the person shall present other documentation verifying his current legal address.
The governing body of the locality wherein the dealer conducts his business may determine the contents of the statement of ownership.
History
This law was first created in 1981. The record of its establishment is cataloged in chapter 581 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1981 “Acts” aren’t available online. It has been modified 3 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 1986, chapter 316; in 1988, chapter 765; in 2019, chapter 457.
1981, c. 581, § 54-859.17; 1986, c. 316; 1988, c. 765; 2019, c. 457.