Mich. Comp. Laws § 445.484: Permanent record of each transaction; forms; copies; information required; numbering; sending copy of record of transaction form to police agency or sheriff's department; inspection; confidentiality; retention period; size of form; definition.

ade by the dealer within 1 year before his or her closing or moving, to the local police agency.

(f) The price to be paid by the dealer for the precious item or precious items.

(g) The form of payment made to the customer; check, money order, bank draft, or cash. If the payment is by check, money order, or bank draft, the dealer shall indicate the number of the check, money order, or bank draft.

(h) The customer's signature.

(2) The record of each transaction shall be numbered consecutively, commencing with the number 1 and the calendar year.

(3) Within 48 hours after receiving or purchasing a precious item, the dealer shall send a copy of the record of transaction form to the local police agency and, if the record of transaction form indicates that the customer resides outside the jurisdiction of the local police agency, shall send a copy of the record of transaction form to the police agency of the city, village, or township in which the customer resides as set forth on the record of transaction, or, if that city, village, or township does not have a police agency, to the sheriff's department of the county in which the customer resides as set forth on the record of transaction. The record of transaction forms received by a police agency or sheriff's department shall not be open to inspection by the general public. Each police agency or sheriff's department holding record of transaction forms shall be responsible for insuring the confidentiality of the record of transaction forms and insuring that the record of transaction forms are used only for the purpose for which they were received.

(4) The record of transaction forms of a dealer and each precious item received shall be open to an inspection by the county prosecuting attorney, the local police agency, the police agency or sheriff's department of the local governmental unit in which the customer resides, and the Michigan state police, at all times during the ordinary business hours of the dealer. As a condition of doing business, a dealer is considered to have given consent to the inspection prescribed by this subsection. The record of transaction forms of a dealer shall not be open to inspection by the general public.

(5) Except as otherwise provided in this section, each record of a transaction shall be retained by the dealer for not less than 1 year after the transaction to which the record pertains.

(6) The form of the record of transaction shall have an 8-1/2 by 11 inch size and shall be as follows:

"Record of Transaction Dealer certificate # _________________ # _________________________ (Printed on the form) (Transaction number printed on the form) (1) Description of Property - _______________________________ _____ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ (2) __________________, 19__ (3) __________________________ (Date) (Name of Dealer/Employee) (4) _______________________, ________________________, 19__ (Name of Customer) (Date of Birth) ___________________________, ______________________________ (Driver's license No./Mich. Personal ID Number) (Street Address) __________________ ___________ (City & State) (Zip) (5) _______________________ ______________________________ (Price Paid) (County of Residence) (6) _______________________ (Check no., bank draft no., money order no., or cash) __________________________________________________________________ (Name of police agency of city, village, or township in which customer resides) Thumbprint ______________________________" (Signature of Customer)

"Record of Transaction

Dealer certificate # _________________

# _________________________

(Printed on the form)

(Transaction number printed on the form)

., money order no., or cash) __________________________________________________________________ (Name of police agency of city, village, or township in which customer resides) Thumbprint ______________________________" (Signature of Customer)

"Record of Transaction

Dealer certificate # _________________

# _________________________

(Printed on the form)

(Transaction number printed on the form)

(1) Description of Property - _______________________________ _____

__________________________________________________________________

__________________________________________________________________

__________________________________________________________________

__________________________________________________________________

(2) __________________, 19__

(3) __________________________

(Date)

(Name of Dealer/Employee)

(4) _______________________,

________________________, 19__

(Name of Customer)

(Date of Birth)

___________________________,

______________________________

(Driver's license No./Mich. Personal ID Number)

(Street Address)

__________________ ___________

(City & State)

(Zip)

(5) _______________________

______________________________

(Price Paid)

(County of Residence)

(6) _______________________

(Check no., bank draft no., money order no., or cash)

__________________________________________________________________

(Name of police agency of city, village, or township in which customer resides)

Thumbprint

______________________________"

(Signature of Customer)

(7) As used in this section, "customer" means the person from whom the dealer or the agent or employee of the dealer receives or purchases a precious item.