§ 17-23-203 - Seller identification. - Arkansas Statutes

17-23-203. Seller identification.

Every person required to be licensed under this chapter shall:

(1) Require proof of identification of every seller from whom precious metals or an article made from or containing a precious metal is to be purchased for an amount in excess of fifty dollars ($50.00);

(2) Require the seller to sign a statement on a form to be approved by the Department of Arkansas State Police stating that the seller is the legal owner of the property or is the agent of the owner authorized to sell the property, and when and where or in what manner the property was obtained;

(3) Require the seller to place a legible print of his or her right thumb as an identifying mark on a form to be approved by the department; and

(4) Before purchasing any precious metal or article made from or containing a precious metal for a price in excess of fifty dollars ($50.00), require the seller, if a minor, to present written authorization to sell by the parent or legal guardian of the minor, which includes the relationship, address, and telephone number of the parent or guardian.