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<section article="gbr" article_name="Business Regulation" number="12-305" title_number="12" title_name="Secondhand Precious Metal Object Dealers and Pawnbrokers" subtitle_number="3" subtitle_name="Precious Metal Objects -- Records; Holding Period; Inspection">
  <level label="a">
    <level label="1">
      <level label="i">
        <level label="1">
          <text>Except as otherwise provided in this section, a dealer who acquires a precious metal object shall keep it in the county where the dealer holds a license from the time of acquisition until at least 18 days after submitting a copy of a record of its acquisition under § 12–304 of this subtitle.</text>
        </level>
        <level label="2">
          <text>Notwithstanding subparagraph (ii) of this paragraph, the 18–day holding period established under this subparagraph applies to a precious metal object that:</text>
        </level>
        <level label="A">
          <text>a dealer licensed in Prince George’s County acquired in a pawn transaction; and</text>
        </level>
        <level label="B">
          <text>an individual seeks to redeem by presenting the original ticket issued as part of the pawn transaction.</text>
        </level>
      </level>
      <level label="ii">
        <text>A dealer who holds a license in Prince George’s County and who acquires a precious metal object, other than a pawned precious metal object described in subparagraph (i)2 of this paragraph, shall keep it in Prince George’s County from the time of acquisition until at least 30 days after submitting a copy of a record of its acquisition under § 12–304 of this subtitle.</text>
      </level>
    </level>
    <level label="2">
      <text>A dealer who acquires a precious metal object at an event which takes place at a location other than the dealer’s fixed business address shall place the object and a record of its acquisition at a location in accordance with subsection (d)(1) or (2) of this section by the next business day after acquiring the object.</text>
    </level>
    <level label="3">
      <text>In partial compliance with the 18–day holding requirement under this subsection, a dealer may maintain an object and the record of its acquisition at a location other than the dealer’s fixed business address, if the local law enforcement unit in the jurisdiction where the item was acquired provides written approval.</text>
    </level>
  </level>
  <level label="b">
    <level label="1">
      <text>A dealer may submit to the primary law enforcement unit a written request for a shorter holding period for a specific precious metal object.</text>
    </level>
    <level label="2">
      <text>Within 48 hours after the primary law enforcement unit receives a request, the primary law enforcement unit shall approve or deny the request.</text>
    </level>
    <level label="3">
      <text>After inspecting the precious metal object, the primary law enforcement unit may authorize in writing a shorter holding period.</text>
    </level>
    <level label="4">
      <text>If the primary law enforcement unit denies the request, the primary law enforcement unit shall state the reasons in writing.</text>
    </level>
  </level>
  <level label="c">
    <level label="1">
      <text>Except as provided in paragraph (2) of this subsection, a dealer may not alter a precious metal object before or during the holding period.</text>
    </level>
    <level label="2">
      <text>During the holding period, a dealer may chemically test a precious metal object to determine its metal content or value if the dealer does not alter the precious metal object so as to affect its identification or value.</text>
    </level>
  </level>
  <level label="d">
    <text>During the holding period for a precious metal object, a dealer shall keep the precious metal object and the record of its acquisition in:</text>
    <level label="1">
      <text>the place of business of the dealer; or</text>
    </level>
    <level label="2">
      <text>a storage facility specified in the license application of the dealer.</text>
    </level>
  </level>
</section>
