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<baltimore-city-law heading="§ 12-14 Exemptions from reporting and holding requirements.">
  <section prefix="§" num="12-14" heading="Exemptions from reporting and holding requirements.">
    <para num="(a)" heading="Consignment goods.">Consignment goods are not subject to the daily reporting requirements of &lt;cite data-path="|2|§12-7"&gt;§ 12-7 of this subtitle&lt;/cite&gt; or to the item retention requirements of &lt;cite data-path="|2|§12-9"&gt;§ 12-9 of this subtitle&lt;/cite&gt;, as long as the dealer:<para num="(1)">keeps a record, subject to inspection under &lt;cite data-path="|2|§12-13"&gt;§ 12-13 of this subtitle&lt;/cite&gt;, of all the information required by &lt;cite data-path="|2|§12-7"&gt;§ 12-7 of this subtitle&lt;/cite&gt;; and</para>
      <para num="(2)">complies with all other requirements of this subtitle.</para>
    </para>
    <para num="(b)" heading="Purchases from certain regulated sources.">
      <para num="(1)">This subsection applies to items acquired by a dealer:<para num="(i)">from another licensed dealer;</para>
        <para num="(ii)">from a person licensed as a pawnbroker;</para>
        <para num="(iii)">from a person licensed as a scrap metal dealer;</para>
        <para num="(iv)">at a public auction conducted by a licensed auctioneer;</para>
        <para num="(v)">from the personal representative of a decedent; or</para>
        <para num="(vi)">at a public sale commonly known as a lawn sale, garage sale, or flea market.</para>
      </para>
      <para num="(2)">Items acquired under paragraph (1) of this subsection are not subject to the daily reporting requirements of &lt;cite data-path="|2|§12-7"&gt;§ 12-7 of this subtitle&lt;/cite&gt; or to the item retention requirements of &lt;cite data-path="|2|§12-9"&gt;§ 12-9 of this subtitle&lt;/cite&gt;, as long as the acquiring dealer:<para num="(i)">keeps a record, subject to inspection under &lt;cite data-path="|2|§12-13"&gt;§ 12-13 of this subtitle&lt;/cite&gt;, of the information required by &lt;cite data-path="|2|§12-7"&gt;§ 12-7 of this subtitle&lt;/cite&gt;; and</para>
        <para num="(ii)">complies with all other requirements of this subtitle.</para>
      </para>
    </para>
    <para num="(c)" heading="Flea market dealers.">Second-hand personal property acquired by a dealer for resale, trade, or transfer exclusively at a flea market is not subject to the daily reporting requirements of &lt;cite data-path="|2|§12-7"&gt;§ 12-7 of this subtitle&lt;/cite&gt; or to the item retention requirements of &lt;cite data-path="|2|§12-9"&gt;§ 12-9 of this subtitle&lt;/cite&gt;, as long as:<para num="(1)">all of the dealer’s resale, trade, or transfer business is conducted exclusively at the flea market;</para>
      <para num="(2)">the flea market is open for business no more than 2 days a week;</para>
      <para num="(3)">either:<para num="(i)">the dealer is licensed under this subtitle; or</para>
        <para num="(ii)">the flea market has obtained a master license as a cooperative and the dealer is identified as a member of that cooperative; and</para>
      </para>
      <para num="(4)">the dealer keeps a record, subject to inspection under &lt;cite data-path="|2|§12-13"&gt;§ 12-13 of this subtitle&lt;/cite&gt;, of all the information required by &lt;cite data-path="|2|§12-7"&gt;§ 12-7 of this subtitle&lt;/cite&gt;.</para>
    </para>
    <annotation type="Prior Codifications">City Code, 1976/83, art. 19, §§48B(d), 48J(c), (d)</annotation>
    <annotation type="History">Ord. 97-206</annotation>
    <annotation type="History">Ord. 01-243</annotation>
    <annotation type="History">Ord. 10-389</annotation>
  </section>
</baltimore-city-law>
