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Laws of North Carolina (Last Updated: May 12, 2015) |
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Chapter66. Commerce and Business. |
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Article45. Pawnbrokers, Metal Dealers, and Scrap Dealers |
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Part1. Pawnbrokers and Cash Converters |
§66-392. Record-keeping requirements for currency converters
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(a) Every currency converter shall keep consecutively numbered records of each cash purchase. The currency converter shall, at the time of making the purchase, enter upon each record all of the following information, which shall be typed or written in ink and in the English language:
(1) A clear and accurate description of the property purchased by the currency converter from the seller, including model and serial number if indicated on the property.
(2) The name, residence address, phone number, and date of birth of the seller.
(3) The date of the purchase.
(4) The type of identification and the identification number accepted from the seller.
(5) A description of the seller, including approximate height, weight, sex, and race.
(6) The purchase price.
(7) The statement that "THE SELLER OF THIS ITEM ATTESTS THAT IT IS NOT STOLEN, HAS NO LIENS OR ENCUMBRANCES, AND IS THE SELLER'S TO SELL."
(b) The seller shall sign the record and shall receive an exact copy of the record, which shall be signed or initialed by the currency converter or any employee of the currency converter. These records shall be available for inspection and pickup each regular workday by the sheriff of the county or the sheriff's designee or the chief of police or the chief's designee of the municipality in which the currency converter is located. These records may be electronically reported to the sheriff of the county or the chief of police of the municipality in which the currency converter is located by transmission over the Internet or by facsimile transmission in a manner authorized by the applicable sheriff or chief of police. These records shall be a correct copy of the entries made of the purchase transaction, shall be carefully preserved without alteration, and shall be available during regular business hours.
(c) This section does not apply to purchases directly from a manufacturer or wholesaler for a currency converter's inventory.