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TITLE 7BANKING AND SECURITIES
PART 5OFFICE OF CONSUMER CREDIT COMMISSIONER
CHAPTER 85PAWNSHOPS AND CRAFTED PRECIOUS METAL DEALERS
SUBCHAPTER BRULES FOR CRAFTED PRECIOUS METAL DEALERS
DIVISION 2OPERATIONAL REQUIREMENTS
RULE §85.2002Submission of Transaction Report Form and Records

(a) Copy to seller required. The dealer must provide a complete copy of the transaction report form and any images used under §85.2001(a)(9)(B) of this title (relating to Transaction Report Form and Records) to the seller with respect to that seller's transaction.

(b) Paper or electronic submission. Within 48 hours of each transaction, the dealer must submit, in a manner approved by local law enforcement, either:

  (1) a printed copy of the transaction report form and any images used under §85.2001(a)(9)(B) of this title to local law enforcement;

  (2) an electronic copy of the transaction report form and any images used under §85.2001(a)(9)(B) of this title to local law enforcement; or

  (3) an electronic copy of the transaction report form to the online Metals Registration Program. If the dealer submits the form to the Metals Registration Program, then the dealer must also notify local law enforcement in writing, within 48 hours of the transaction, that it has submitted a transaction report form to the Metals Registration Program and provide to local law enforcement either a paper or electronic copy of any images used under §85.2001(a)(9)(B) of this title.


Source Note: The provisions of this §85.2002 adopted to be effective November 10, 2011, 36 TexReg 7531

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