CODE OF VIRGINIA

CREDENTIALS AND STATEMENT OF OWNERSHIP REQUIRED FROM SELLER (§ 54.1-4102)

No dealer shall purchase precious metals or gems without first (i) ascertaining
the identity of the seller by requiring an identification issued by a
governmental agency with a photograph of the seller thereon, and at least one
other corroborating means of identification, and (ii) obtaining a statement of
ownership from the seller.The governing body of the locality wherein the dealer
conducts his business may determine the contents of the statement of ownership.

HISTORY: 1981, c. 581, § 54-859.17; 1986, c. 316; 1988, c. 765.