We are aware some internet providers are having problems accessing this site. We are working with the providers to get access restored as quickly as possible.

Go To Top capitol dome
Michigan Legislature
Michigan Compiled Laws Complete Through PA 6 of 2023
House: Adjourned until Tuesday, April 11, 2023 1:30:00 PM
Senate: Adjourned until Tuesday, April 11, 2023 10:00:00 AM

Michigan Legislature

Main Content

Act 95 of 1981
Search within this Statute for

Jump to the first occurrence of "precious"


Act 95 of 1981

AN ACT to regulate the business of buying and receiving gold, silver, platinum, gems, jewelry, and other precious items; to provide powers to certain state and local officers and agencies with respect to such regulation; to provide for the registration of precious metal and gem dealers; to provide for civil damages; and to prescribe penalties.

History: 1981, Act 95, Eff. Sept. 11, 1981

The People of the State of Michigan enact:

Section 445.481SectionShort title.
Section 445.482SectionDefinitions.
Section 445.483SectionDealer; 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 445.484SectionPermanent 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 445.485SectionRetaining precious item for 9 calendar days; alteration.
Section 445.486SectionProhibited conduct.
Section 445.487SectionFailure to make entry in records as misdemeanor or felony; penalty.
Section 445.488SectionViolation of MCL 445.483(7) or (8) or 445.484(1)(e), (3), (4), or (5) as misdemeanor or felony; penalty.
Section 445.489SectionConduct constituting felony; penalty.
Section 445.490SectionViolation of MCL 445.483(1) or 445.485 as felony; penalty.
Section 445.491SectionAction against dealer; grounds; damages, costs, and attorneys' fees.
Section 445.492SectionEffective date.
up icon