110 R.I. Code R. 110-RICR-20-00-1.3

Current through December 26, 2024
Section 110-RICR-20-00-1.3 - Definitions

"Advertise" means the issuance of any card, sign or device to any person; the causing, permitting, or allowing of any sign or marketing on or in any building or structure, or in any newspaper periodical, or in any directory under a listing of precious metals buyers or sellers or related business, or broadcasting by radio or television with or without any limiting qualifications.

"Authority" means the authority of the Attorney General as authorized by R.I. Gen. Laws Chapter 6-11.1.

"Business" means the trade in precious metals and stones conducted in a place of business specifically owned or rented for this purpose, except that rented hotel or motel rooms shall not be construed as permanent places of business.

"Complaint" means receipt of standard complaint form by an authorized representative of the Attorney General.

"Criminal record clearance" means review of applicant's name by the Bureau of Criminal Identification ("BCI") of the Department of Attorney General.

"Description" means precise statements of weight, metal content and color, gem size and quality, design or configuration, trademarks or other identifying information useful to law enforcement agencies in recovering stolen property.

"Disqualifying criminal record" means a record of criminal convictions on charges of felony charge of forgery, embezzlement, obtaining money under false pretenses, bribery, larceny, extortion, conspiracy to defraud, receiving stolen goods, burglary, breaking and entering or any similar offense or offenses, or tax evasion associated with the conduct of business.

"Posted prices" means the price offered by dealers at that point and time for purchase of precious metals.

"Weighing" means weighing by scales approved by municipal officials responsible for certification of scales.

"Numismatic value" means value based on published prices in recognized guides to value to collectors of coins or other articles related to rarity or aesthetic merit, not on value of metal content.

"Precious metals" means gold, silver, or platinum metals group: platinum, iridium, palladium, rhodium, and osmium.

"Precious stone" means any gem or stone cut and polished for use in jewelry, which fulfills trade standards for value based on beauty, durability, and rarity.

110 R.I. Code R. 110-RICR-20-00-1.3