ORS 646A.064 - Definitions for ORS 646A.064 to 646A.067

• Cite as: ORS 646A.064

As used in ORS 646A.064 to 646A.067:

(1) "Item of precious metal" means an item that consists of or incorporates gold in eight karat or greater purity, silver, platinum or palladium. "Item of precious metal" does not include dental gold, unrefined metal ore, an electronic product, any part of a mechanical system on a motor vehicle, gold or silver coins or bullion in any form.

(2) "Precious metal secondhand dealer":

(a) Means a person engaged in precious metal secondhand dealing; and

(b) Does not include:

(A) A pawnbroker licensed under ORS chapter 726 who engages exclusively in pledge loans, as defined in ORS 726.010;

(B) A manufacturer of items of precious metal;

(C) A person engaged in commercial or industrial scrap metal recycling operations;

(D) A person primarily engaged in business through the Internet;

(E) A motor vehicle dealer holding a certificate issued under ORS 822.020 or a motor vehicle dismantler holding a certificate issued under ORS 822.110; or

(F) A person primarily engaged in purchasing for resale newly manufactured items of precious metal. For purposes of this subparagraph, a person is primarily engaged in purchasing newly manufactured items of precious metal if the person's inventory of items of precious metal for resale consists exclusively of: