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Michigan Legislature
Michigan Compiled Laws Complete Through PA 93 of 2019
House: Adjourned until Wednesday, November 20, 2019 10:00:00 AM
Senate: Adjourned until Wednesday, November 20, 2019 10:00:00 AM

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NOTE: Dates reflect any modification to item, not necessarily a change in law.

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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