Form DPS-405-C "Advisement of Precious Metals or Stones Dealer Requirements" - Connecticut

What Is Form DPS-405-C?

This is a legal form that was released by the Connecticut Department of Emergency Services and Public Protection - a government authority operating within Connecticut. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on October 1, 2011;
  • The latest edition provided by the Connecticut Department of Emergency Services and Public Protection;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of Form DPS-405-C by clicking the link below or browse more documents and templates provided by the Connecticut Department of Emergency Services and Public Protection.

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Download Form DPS-405-C "Advisement of Precious Metals or Stones Dealer Requirements" - Connecticut

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State of Connecticut
Department of Emergency Services & Public Protection
Advisement of Precious Metals or Stones Dealer Requirements
Last Name
First Name
Middle Initial
Name of Business
Business address:
Number, Street, Unit No.
City/Town
Zip Code
(No P.O. Box)
Precious Metals or Stones Dealer Requirements
As a person, as defined under Section 1 of Public Act 11-100, who is applying for a license from the State of Connecticut Department of
Emergency Services and Public Protection (DESPP) to engage in or carry on the business of a Precious Metals or Stones Dealer at the
address listed above you are required, if so licensed, to comply with the requirements of Section 12 of Public Act 11-100, as well as the
following requirements of the licensing authority, the Commissioner of the Department of Emergency Services and Public Protection:
The Commissioner of the Department of Emergency Services and Public Protection will issue a Precious Metals or Stones Dealer License to
an applicant for a specific business, location and town or city that is sought in the application. This license does not allow the licensee to
engage in or carry on the business of a Precious Metals or Stones Dealer as any other business, in any other location or in any other town
or city. The Commissioner of DESPP may revoke such license for cause which shall include, but is not limited to, failure to comply with
any requirements for licensure specified by the Commissioner of DESPP at the time of issuance. Such license shall be displayed in a
conspicuous location in the place where such business is carried on.
A "Precious metals or stones dealer" is defined under Public Act 11-100 as “a person who is primarily engaged in the business of
purchasing gold or gold-plated ware, silver or silver-plated ware, platinum ware, watches, jewelry, precious stones, bullion or coins”.
The Commissioner of DESPP requires a weekly sworn statement, describing the goods received and setting forth the name and address of
each person from whom goods were purchased. Such sworn statement shall not be deemed a public record for the purposes of the
Freedom of Information Act, as defined in section 1-200.
You shall demand positive identification from the person selling the article and such identification shall include a photograph, an address,
if available on the identification, and an identifying number, including, but not limited to, date of birth. The type or form of identification
received shall be noted in the record of the transaction. DESPP recommends that a photocopy or scanned image of the identification be
retained.
Such record and the place where such business is carried on and all articles of property therein may be examined at all times by any state
police officer or municipal police officer. Any state police officer or municipal police officer who performs such an examination may
require any employee on the premises to provide proof of the employee’s identity. DESPP recommends that such records be retained for
not less than two years.
You may not purchase any property from a minor unless such minor is accompanied by a parent or guardian and the identification of
such parent or guardian should be photocopied or an image of the identification should be scanned and retained in your records.
A licensee may only pay for property received by check or money order and no cash shall be transferred to either party in the course of a
transaction. A licensee that pays cash or cashes a check or money order shall be guilty of a class A misdemeanor. No licensee may
advertise or purport that he or she will pay for property received with cash.
At the time of making any purchase the licensee shall deliver to the person selling property a receipt containing a description of the
property purchased, the price paid for the property and the name and address of the purchaser.
Initialed by applicant:
Page 1
DPS-405-C New 10/1/2011
State of Connecticut
Department of Emergency Services & Public Protection
Advisement of Precious Metals or Stones Dealer Requirements
Last Name
First Name
Middle Initial
Name of Business
Business address:
Number, Street, Unit No.
City/Town
Zip Code
(No P.O. Box)
Precious Metals or Stones Dealer Requirements
As a person, as defined under Section 1 of Public Act 11-100, who is applying for a license from the State of Connecticut Department of
Emergency Services and Public Protection (DESPP) to engage in or carry on the business of a Precious Metals or Stones Dealer at the
address listed above you are required, if so licensed, to comply with the requirements of Section 12 of Public Act 11-100, as well as the
following requirements of the licensing authority, the Commissioner of the Department of Emergency Services and Public Protection:
The Commissioner of the Department of Emergency Services and Public Protection will issue a Precious Metals or Stones Dealer License to
an applicant for a specific business, location and town or city that is sought in the application. This license does not allow the licensee to
engage in or carry on the business of a Precious Metals or Stones Dealer as any other business, in any other location or in any other town
or city. The Commissioner of DESPP may revoke such license for cause which shall include, but is not limited to, failure to comply with
any requirements for licensure specified by the Commissioner of DESPP at the time of issuance. Such license shall be displayed in a
conspicuous location in the place where such business is carried on.
A "Precious metals or stones dealer" is defined under Public Act 11-100 as “a person who is primarily engaged in the business of
purchasing gold or gold-plated ware, silver or silver-plated ware, platinum ware, watches, jewelry, precious stones, bullion or coins”.
The Commissioner of DESPP requires a weekly sworn statement, describing the goods received and setting forth the name and address of
each person from whom goods were purchased. Such sworn statement shall not be deemed a public record for the purposes of the
Freedom of Information Act, as defined in section 1-200.
You shall demand positive identification from the person selling the article and such identification shall include a photograph, an address,
if available on the identification, and an identifying number, including, but not limited to, date of birth. The type or form of identification
received shall be noted in the record of the transaction. DESPP recommends that a photocopy or scanned image of the identification be
retained.
Such record and the place where such business is carried on and all articles of property therein may be examined at all times by any state
police officer or municipal police officer. Any state police officer or municipal police officer who performs such an examination may
require any employee on the premises to provide proof of the employee’s identity. DESPP recommends that such records be retained for
not less than two years.
You may not purchase any property from a minor unless such minor is accompanied by a parent or guardian and the identification of
such parent or guardian should be photocopied or an image of the identification should be scanned and retained in your records.
A licensee may only pay for property received by check or money order and no cash shall be transferred to either party in the course of a
transaction. A licensee that pays cash or cashes a check or money order shall be guilty of a class A misdemeanor. No licensee may
advertise or purport that he or she will pay for property received with cash.
At the time of making any purchase the licensee shall deliver to the person selling property a receipt containing a description of the
property purchased, the price paid for the property and the name and address of the purchaser.
Initialed by applicant:
Page 1
DPS-405-C New 10/1/2011
Precious Metals or Stones Dealer Requirements
Page 2
Last Name
First Name
Middle Initial
Name of Business
Precious Metals or Stones Dealer Requirements (continued)
A Precious Metals or Stones Dealer License is in effect for one year from the date it is issued. It does not allow you to engage in the
business of a Pawnbroker or Secondhand dealer, as defined under Section 1 of Public Act 11-100, unless so licensed. A licensee seeking
renewal of such license shall file an application for renewal at least sixty days before the expiration of such license. This license is not
transferable. Any person who willfully engages in the business of a Precious Metals or Stones Dealer, unless licensed according to law, or
after notice that his or her license has been suspended or revoked, shall be guilty of a class D felony. Any person who violates any
provision of Section 12 of Public Act 11-100 or the requirements of the Commissioner of DESPP, for which no other penalty is provided,
shall be fined not more than one thousand dollars.
As a person, as defined under Section 1 of Public Act 11-100, who is applying for a license from the State of Connecticut Department of
Emergency Services and Public Protection (DESPP) to engage in or carry on the business of a Precious Metals or Stones Dealer at the
address listed above, I understand and agree that if so licensed I will ensure compliance with the requirements of Section 12, of Public Act
11-100, as well as the requirements of the Commissioner of the Department of Emergency Services and Public Protection as listed above.
Date: ______________________________ Signature of Applicant: ________________________________________________________
(Must be signed in the presence of a Notary Public)
Subscribed and sworn to before me this ____________ day of _______________, 20_______, in accordance with the Connecticut
General Statutes.
Signature of Notary Public: _____________________________ Print Name of Notary Public:____________________________________
My Commission Expires:_______________________.
Written communications should be addressed to: DESPP – Special Licensing and Firearms Unit Attn: Chapter 409/414 Licensing Section -1111 Country
Club Road, Middletown, CT 06457-2389. The telephone number of the Special Licensing and Firearms Unit is (860) 685-8046, the Special Licensing and
Firearms Unit fax number is 860-685-8496.
DPS-405-C New 10/1/2011
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