Township of Riverside, NJ
Burlington County
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Table of Contents
Table of Contents
[HISTORY: Adopted by the Township Committee of the Township of Riverside 6-24-1981 as Ord. No. 1981-9 (Section 7:15 of the 1967 Code). Amendments noted where applicable.]

§ 207-1
Purpose. 

§ 207-2
Definitions. 

§ 207-3
License required for businesses. 

§ 207-4
License fees. 

§ 207-5
Term of license. 

§ 207-6
Application for license. 

§ 207-7
Investigation of application. 

§ 207-8
Revocation of license. 

§ 207-9
License valid for one place of business only. 

§ 207-10
Business to be conducted only at licensed premises. 

§ 207-11
Record of transactions to be kept. 

§ 207-12
Purchases to be made by check only. 

§ 207-13
Age requirements. 

§ 207-14
Holding period. 

§ 207-15
Violations and penalties. 

§ 207-1 Purpose.

The Township Committee hereby finds that there is a need to regulate and control the buying and selling of gold, silver and precious or semiprecious gems in order to prevent the easy disposal of items which have been unlawfully obtained as the result of crime, while protecting and recognizing the legitimate businesses which are engaged in the buying and selling of gold, silver and precious or semiprecious gems.

§ 207-2 Definitions.

The following definitions shall apply to terms used within this chapter, unless the context requires otherwise:

BUYER
Any person, partnership or corporation who, through any means, buys gold, silver, precious or semiprecious metals or gems.
DEALER
Any person, partnership or corporation who, through any means, buys or sells gold, silver, precious or semiprecious metals or gems, and includes anyone advertising the purchase or sale of any of the aforementioned items.
GOLD
Any article or product with a gold content, without regard to the fineness thereof.
MINOR
Any person under the age of 18 years.
PRECIOUS OR SEMIPRECIOUS GEM
Includes but is not limited to those categories known as "diamonds," "rubies," "pearls" and "sapphires" and is commonly called a "jewel."
PURCHASE
Includes any exchange of gold, silver or any precious or semiprecious gem for anything of value. A payment need not be made by way of money in order to constitute "purchase" for the purposes of this chapter.
REGULATED ACTIVITY
The purchase of any used item containing gold, silver, precious or semiprecious gems for subsequent resale purposes and not for personal use.
SELLER
Any person, partnership or corporation who, through any means, sells gold, silver, precious or semiprecious metals or gems.
SILVER
Any article or product with a silver content, without regard to the fineness thereof.
USED ITEM CONTAINING GOLD OR SILVER
Any item containing gold or silver previously sold or transferred to a consumer for the personal use or enjoyment of such consumer.

§ 207-3 License required for businesses.

No person shall engage in a regulated activity, as defined above, without having first obtained a license therefor from the Township Clerk, which license shall bear a number issued by the Township Clerk and shall be prominently displayed within the licensed premises. The requirement of a license shall apply to the business entity and to any individual employee who engages in a regulated activity on behalf of a business entity.

§ 207-4 License fees.

At the time of filing the application for a license, a license fee of $35 shall be paid for the initial license for the premises where the activity is to be conducted, together with a fee of $10 for each employee who is to be licensed. Thereafter, the annual renewal fee for the license and for each employee who is to be licensed shall be $10.

§ 207-5 Term of license.

Each license shall expire on December 31 of the year in which it is issued.

§ 207-6 Application for license.

An application for license shall be in writing on forms established by the Township Clerk and shall state the full name and place of residence of the applicant or, if the applicant is a partnership, of each member thereof or, if a corporation or association, of each officer and stockholder thereof, together with the place or places where the business is to be conducted. For any corporation whose stock is publicly traded, the requirement for the information on each officer and stockholder may be satisfied by attaching to the application a copy of the most recent annual report of the corporation listing the officers and directors of the corporation along with a certification as to the total number of stockholders and the name and address of any stockholder holding more than 10% of the outstanding stock. The application shall include the fingerprints of each individual applicant or licensed employee, each member of a partnership or each stockholder holding more than 10% of the outstanding stock in a corporate applicant.

§ 207-7 Investigation of application.

[Amended 3-28-1994 by Ord. No. 1994-4]

Upon receipt of an application completed pursuant to this chapter, the Clerk shall refer the application to the Director of Public Safety, who shall institute such investigation of the applicant's moral character and business responsibility as he deems necessary for the protection of the public welfare. Upon completion of the investigation, which in no case shall take more than 30 days, the Director of Public Safety shall return the application or a copy thereof to the Clerk, accompanied by his recommendation as to whether the license should be issued or denied. If the recommendation of the Director of Public Safety is to deny the license, the grounds for the recommendation shall be stated. Grounds for recommending denial of a license may include information indicating that the applicant is not of good moral character or is of questionable business responsibility, and a recommendation of denial shall be given if the applicant has been convicted of a crime of the first or second degree or of any crime involving dishonesty, fraud, deceit or misrepresentation. Upon receipt of the recommendation of the Director of Public Safety, the Clerk shall issue or deny the license accordingly. Any person aggrieved by such denial may appeal to the Township Manager, who may confirm or reverse the denial as deemed advisable.

§ 207-8 Revocation of license.

Any license may be revoked for any violation of this chapter, in addition to any other penalty imposed for any violation. Upon any violation, the Township Manager may suspend a license upon written notice to the license holder. Upon receipt of the notice of suspension, the license holder may, within 10 days, request a hearing on the suspension before the Township Manager. The hearing shall be held within 30 days of the request, at which hearing the license holder shall have the opportunity to be heard. At the conclusion of the hearing, the Township Manager shall either revoke the license or shall reinstate the license. In the event that the license holder shall not request a hearing, the license shall be automatically revoked upon the expiration of 10 days after the notice of suspension has been given to the license holder.

§ 207-9 License valid for one place of business only.

No person licensed as a dealer in the township shall, by virtue of one license, keep more than one place of business for receiving or taking goods.

§ 207-10 Business to be conducted only at licensed premises.

No dealer shall at any time do business at any place other than the place for which the license was granted.

§ 207-11 Record of transactions to be kept.

A. 

Every licensee shall issue to the seller and keep for his own records, for not less than one year, a serialized receipt for each purchase of gold, silver or precious or semiprecious gems containing the following:

(1) 

The name and address of the buyer.

(2) 

The date of the transaction.

(3) 

The names of the gold, silver or precious or semiprecious gems purchased.

(4) 

The finenesses of the gold, silver or precious or semiprecious gems purchased.

(5) 

The weights of the gold, silver or precious or semiprecious gems purchased.

(6) 

The prices paid for the gold, silver or precious or semiprecious gems at the standard measures of weight and fineness.

(7) 

The name, address and signature of the seller.

(8) 

The drivers license number of the seller.

B. 

The buyer shall make the record of transactions available for inspection by any police officer.

§ 207-12 Purchases to be made by check only.

All payments for regulated activities shall be made by check. All canceled checks shall be retained with the record of transactions in accordance with § 207-11.

§ 207-13 Age requirements.

A licensee shall not accept or buy any gold, silver or precious or semiprecious gem from any person under the age of 18 years, unless such minor is accompanied by a parent or guardian and said parent or guardian gives specific written consent to the transaction and acknowledges the receipt required by the buyer to be given to the seller.

§ 207-14 Holding period.

No dealer shall sell any article until the same has been in the possession of the dealer at the licensed location for at least 15 days. This provision shall apply only to used items containing gold, silver or precious or semiprecious gems and shall not apply to items purchased from a recognized jewelry supplier with whom the buyer deals on a regular basis.

§ 207-15 Violations and penalties.

Editor's Note: Amended at time of adoption of Code; see Ch. 1, General Provisions, Art. I.

Any person, as defined above, who violates any provision of this chapter shall, upon conviction thereof, be subject to one or more of the following: a fine not exceeding $1,000; a term of imprisonment not exceeding 90 days; or a period of community service not exceeding 90 days. A separate offense shall be deemed committed in each day during or on which a violation occurs or continues.