85R4157 TSR-F     By: Longoria H.B. No. 517       A BILL TO BE ENTITLED   AN ACT   relating to the regulation of crafted precious metal dealers.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 1956.051(3), Occupations Code, is   amended to read as follows:                (3)  "Crafted precious metal" means jewelry,   silverware, an art object, or another object, made wholly or partly   from precious metal, that is selling at less than 105 percent of the   scrap value of the object, other than a coin, a bar, or a   commemorative medallion[, or scrap or a broken item selling at five   percent or more than the scrap value of the item].          SECTION 2.  Section 1956.0613, Occupations Code, is amended   to read as follows:          Sec. 1956.0613.  INVESTIGATION BY COMMISSIONER; INSPECTION   OF RECORDS.  (a)  The commissioner shall:                (1)  monitor the operations of a dealer to ensure   compliance with this subchapter [chapter]; and                (2)  receive and investigate complaints against a   dealer or a person acting as a dealer.          (b)  If the commissioner receives a written complaint   regarding a violation of this subchapter by a person, or has   reasonable cause to believe that a person is violating this   subchapter, the commissioner or the commissioner's authorized   representative may inspect any record, account, paper, book, or   correspondence of the person, regardless of whether the person is   registered as a dealer.          (c)  The commissioner or the commissioner's authorized   representative may take statements under oath in an investigation   of a matter under this subchapter.          SECTION 3.  Section 1956.063, Occupations Code, is amended   by amending Subsections (c) and (d) and adding Subsection (c-1) to   read as follows:          (c)  For each transaction regulated by this subchapter, the   dealer shall submit a report on a preprinted and prenumbered form   prescribed by the commissioner or in the manner described by   Subsection (c-1).  The form must include the following:                (1)  the date of the transaction;                (2)  a description of the crafted precious metal   purchased by the dealer;                (3)  the name and physical address of the dealer; and                (4)  the name, physical description, and physical   address of the seller or transferor.          (c-1)  A dealer may submit a list required by Section   1956.062(b) in satisfaction of the reporting requirement of this   section if the list contains the information described by   Subsection (c).          (d)  The dealer shall retain a copy of the report until the   later of:                (1)  the second anniversary of the date the dealer   sells or otherwise disposes of the crafted precious metal purchased   by the dealer; or                (2)  the third anniversary of the date the report is   filed.          SECTION 4.  Sections 1956.064(b) and (c), Occupations Code,   are amended to read as follows:          (b)  A peace officer who has reasonable suspicion to believe   that an item of crafted precious metal in the possession of a   dealer, or in the possession of another person on behalf of the   dealer, is stolen may place the item on hold for a period not to   exceed 60 days by issuing to the dealer or other person a written   notice that:                (1)  specifically identifies the item alleged to be   stolen and subject to the hold; and                (2)  informs the dealer or other person of the   requirements of Subsection (c).          (c)  On receiving the notice, the dealer or other person may   not melt, deface, alter, or dispose of the identified crafted   precious metal until the hold is released in writing by a peace   officer of this state or a court order.          SECTION 5.  Section 14.201, Finance Code, is amended to read   as follows:          Sec. 14.201.  INVESTIGATION AND ENFORCEMENT AUTHORITY.     Investigative and enforcement authority under this subchapter   applies only to:                (1)  Section 339.001;                (2)  [,] this chapter;                (3)  [,] Subtitles B and C, [of] Title 4;                (4)  [,] Chapter 393 with respect to a credit access   business;                (5)  [, and] Chapter 394; and                 (6)  Subchapter B, Chapter 1956, Occupations Code.          SECTION 6.  Section 1956.063(d), Occupations Code, as   amended by this Act, applies to a report filed under Section   1956.063, Occupations Code, on or after the effective date of this   Act.          SECTION 7.  This Act takes effect September 1, 2017.