(a) Following notification, either verbally or in writing, from a commissioned law enforcement officer of Guam that an item of nonferrous metal property or commercial metal property has been reported as stolen, a scrap metal business shall hold that property intact and safe from alteration, damage, or commingling, and shall place an identifying tag or other suitable identification upon the property. The scrap metal business shall immediately relinquish custody of the property to the appropriate law enforcement entity.

(b) A commissioned law enforcement officer of Guam shall not place on hold any item of nonferrous metal property or commercial metal property unless that law enforcement agency reasonably suspects that the property is a lost or stolen item. Any hold that is placed on the property must be removed within ten (10) business days after the property on hold is determined not to be stolen or lost and the property must be returned to the owner or released.