§ 12–102
Statutes in effect as of October 1, 2026.
Md. Code Ann., Bus. Reg. § 12-102 (2026)
Title 12. Secondhand Precious Metal Object Dealers and Pawnbrokers
Subtitle 1. Definitions; General Provisions
§ 12–102LinkCopy Citation
(a)
This title does not apply to a transaction that involves:
(1)
merchandise acquired from an established manufacturer or dealer who holds a license under this title, other than a pawnbroker, if the dealer who acquires the merchandise keeps an invoice or other customary proof of origin for the merchandise;
(2)
a metal acquired for use in dentistry by a dentist licensed to practice dentistry under Title 4 of the Health Occupations Article;
(3)
coins; or
(4)
the purchase of junk or scrap metal that is subject to the record keeping and reporting requirements under § 17–1011 of this article.
(b)
If a retail jeweler has a fixed business address in the State, this title does not apply to a transaction in which the retail jeweler:
(1)
accepts, in accordance with a posted return policy, the return of an item that the jeweler originally sold;
(2)
accepts, in accordance with a published trade–in policy, merchandise in trade that the jeweler originally sold;
(3)
repossesses merchandise that the jeweler originally sold, if the original buyer has defaulted;
(4)
retains merchandise that the jeweler originally accepted for repair as a bailee for hire, if the customer who deposited the merchandise:
(i)
defaulted; or
(ii)
failed to reclaim the merchandise within the time agreed on with the jeweler;
(5)
accumulates pieces of precious metals in the course of performing repairs, remountings, fabrications, or custom orders; or
(6)
participates in a remount sale.
(c)
Except as otherwise provided in this title, this title does not apply to a pawnbroker located in a county that regulates pawnbrokers unless the pawnbroker does business as a dealer.
(d)
(1)
A county or municipal corporation may not enact a law to regulate dealers or coins.
(2)
This title supersedes any existing law of a county or municipal corporation that regulates dealers or coins.