Bill > S105

This bill amends Chapter 98 of the Massachusetts General Laws to establish new requirements for secondhand dealers and dealers in precious metals. The key provisions are: 1. The bill defines "precious metal" as gold, silver, or platinum, and "secondhand dealer" as any person or business engaged in the purchase, consignment, or trading of secondhand goods, excluding secondary metals recyclers. 2. The bill requires weighing and measuring devices used by secondhand dealers and precious metal dealers to be sealed bi-annually by the local Sealer of Weights and Measures. Dealers without a physical retail location must have their devices sealed within 72 hours prior to any purchases or sales. 3. The bill mandates that weighing devices for precious metal purchases be positioned in a way that allows the buyer and seller to accurately read the indications and observe the weighing operation. 4. Secondhand dealers must conspicuously post their prices for the purchase of precious metals, including the price per troy ounce for various gold, silver, and platinum categories. If metric units are used, a conversion chart to troy ounces must be displayed. 5. Failure to comply with these provisions is considered an unfair or deceptive act under Chapter 93A of the Massachusetts General Laws, which can be enforced accordingly.

Labor and Employment

https://malegislature.gov/Bills/190/S105