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Rule 1301:8-6-01 | Definitions.
As used in this chapter: (A) "Division" means the division of financial institutions. (B) "Licensee" means any person licensed under Chapter 4728. of the Revised Code. (C) "Permit holder" means any licensee who has been issued a temporary exhibition permit by the superintendent under division (C) of section 4728.04 of the Revised Code. Last updated July 31, 2024 at 11:40 AM Supplemental Information |
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Rule 1301:8-6-02 | Licenses.
(A) No licensee shall transact or solicit business under any other name than that contained in the license or at any location other than the address stated in the license. (B) Licenses issued under Chapter 4728. of the Revised Code are not transferable or assignable. (C) No licensee may change business locations without prior notification to the superintendent. If the new location is outside the municipal corporation or county in which the licensee was originally licensed, the licensee shall pay an additional license fee in accordance with section 4728.03 of the Revised Code. Last updated October 15, 2024 at 10:33 AM Supplemental Information |
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Rule 1301:8-6-03 | Books and records.
(A) Each licensee shall keep and use an intelligible set of books and records in the English language in complying with section 4728.06 of the Revised Code with respect to recording the details of each purchase. All information required to be recorded by section 4728.06 of the Revised Code shall be entered in a bound book or on loose-leaf, permanent forms used exclusively for that purpose. Forms shall be identical and consecutively numbered, each of which shall be of two or more pages. One part of each form shall be detachable and, when completed, shall serve as the statement to be given by the licensee to the seller as provided by section 4728.06 of the Revised Code. The remaining part of the form shall be retained in the licensee's permanent records. All forms shall be accounted for. A licensee may use other methods of recording data, keeping records, and keeping books, such as electronic or computerized methods acceptable to the superintendent, in lieu of the methods described in this paragraph, provided written printouts or hard copies of the required data are readily available. (B) Each licensee shall preserve the licensee's books, forms, accounts, and records for at least two years after making the final entry regarding any purchase of property recorded therein. (C) All purchased items shall be kept at the licensed location for seventy-two hours from the time of purchase. All books, records, forms, and other documentation, shall be kept at the licensed location. (D) All purchase forms and receipt forms shall reflect the name under which the licensee is registered with the division and the complete address of the licensee's place of business. Last updated October 15, 2024 at 10:33 AM Supplemental Information |
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Rule 1301:8-6-04 | Stolen property.
A licensee shall post a conspicuous notice in the main lobby of the licensee's place of business. Such notice shall be in printed letters no less than one-half inch in height, shall be visible to all patrons, and shall read: "The licensee at this establishment has no right to retain property stolen from the true owner and the owner may recover any such property or its value from the licensee in an action at law." Last updated October 15, 2024 at 10:33 AM Supplemental Information |
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Rule 1301:8-6-05 | Posting business hours.
A licensee shall post at the main door of the licensee's place of business the hours or time when the licensee's establishment is and will be open for business. A licensee shall notify the division of any change of the licensee's posted hours of operations. A licensee does not violate this rule if the licensee's failure to keep posted hours was the result of an act of God, unforeseen emergency, or other event beyond the control of the licensee. Last updated October 15, 2024 at 10:34 AM Supplemental Information |
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Rule 1301:8-6-06 | Temporary permit.
(A) A licensee who wishes to be issued a temporary exhibition permit under the provisions of division (C) of section 4728.04 of the Revised Code shall apply to the superintendent. The application shall contain the licensee's name, permanent business address, license number, and the location of the auction, convention, exhibition, fair, or show. (B) Upon issuance of a temporary exhibition permit, the permit holder shall conspicuously display the permit at the place where the permit holder transacts business at the auction, convention, exhibition, fair, or show for a period not exceeding seven days for any one event. Last updated October 15, 2024 at 10:34 AM Supplemental Information |