Florida Statutes 538.35 – Holding period
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Terms Used In Florida Statutes 538.35
- Jewelry: means a personal ornament that contains precious metals and may contain gemstones. See Florida Statutes 538.31
- Precious metals: means any item containing any gold, silver, or platinum, or any combination thereof. See Florida Statutes 538.31
- Seller: means any person or entity offering precious metals or jewelry for purchase which belong solely to that person or entity and has absolute authority to sell such goods. See Florida Statutes 538.31
- Transaction: includes any event relating to the purchase of secondhand precious metals or jewelry by a mail-in secondhand precious metals dealer. See Florida Statutes 538.31
(1) The dealer may not sell, barter, exchange, alter, adulterate, use, or in any way dispose of any goods purchased from a seller within 10 calendar days after the date payment is issued for acquisition of the goods.
(2) Records of the sale, purchase, consignment, or trade of precious metals or jewelry must be maintained by the business for at least 2 years after the date of the transaction.