There is a newer version of the Michigan Compiled Laws
2011 Michigan Compiled Laws
Chapter 445 — TRADE AND COMMERCE
Act 95 of 1981 — THE PRECIOUS METAL AND GEM DEALER ACT (445.481 - 445.492)
- Section 445.481 — Short title.
- Section 445.482 — Definitions.
- Section 445.483 — Dealer; certificate of registration required; internet drop-off store exempt from registration; application; fee; disclosures; dealer, agent, or employee convicted of misdemeanor or felony; compliance with local ordinances; issuance and posting of certificate; notification of change in name or address.
- Section 445.484 — Permanent record of each transaction; forms; copies; information required; numbering; sending copy of record of transaction form to police agency or sheriff's department; inspection; confidentiality; retention period; size of form; definition.
- Section 445.485 — Retaining precious item for 9 calendar days; alteration.
- Section 445.486 — Prohibited conduct.
- Section 445.487 — Failure to make entry in records as misdemeanor or felony; penalty.
- Section 445.488 — Violation of MCL 445.483(7) or (8) or 445.484(1)(e), (3), (4), or (5) as misdemeanor or felony; penalty.
- Section 445.489 — Conduct constituting felony; penalty.
- Section 445.490 — Violation of MCL 445.483(1) or 445.485 as felony; penalty.
- Section 445.491 — Action against dealer; grounds; damages, costs, and attorneys' fees.
- Section 445.492 — Effective date.
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