{"data":{"id":"us-ok/okla.-stat.-tit.-59-59-1522","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 59, § 59-1522","heading":"Definitions","body":"As used in this act:\n\n1. \"Administrator\" means the Administrator of the Department of\n\nConsumer Credit;\n\n2. \"Dealer\" means any person, partnership, sole proprietorship,\n\ncorporation or association which, in the regular course of business,\n\ntakes, receives, pays for or transfers used precious metals or gems\n\nexcluding any supervised financial institution as defined by the\n\nConsumer Credit Code, pawnbrokers licensed pursuant to Section 1501\n\net seq. of this title, and jewelers whose principal business is the\n\nsale of items purchased directly from the original manufacturer,\n\nwholesaler or their authorized representative and who in the regular\n\ncourse of such business, accept trade-in of items defined in this\n\nact as precious metals or gems, so long as the item or items to be\n\ntraded are not greater in value than the item or items to be\n\npurchased. For purposes of this exception, retail jewelers may not\n\nbuy used precious metals or gems for cash consideration only;\n\n3. \"Employee\" means any person working for a dealer, whether or\n\nnot the person is in the direct employment of the dealer or works\n\nfull time or part time, who handles used precious metals or gems for\n\nthe dealer. Employee shall not mean a person employed by a bank,\n\narmored car company or other business entity acting in the sole\n\ncapacity of bailee-for-hire relationship with a dealer;\n\n4. \"Gem\" means any precious or semiprecious stone or item\n\ncontaining a precious or semiprecious stone customarily used in\n\njewelry or ornamentation;\n\n5. \"Precious metal\" means platinum, gold or silver, but shall\n\nnot mean any ingot or bar manufactured by a commercial mint nor\n\nshall it mean any or all coins; and\n\n6. \"Used\" means previously sold or traded.","path":["OK Code","Title 59"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os59.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"a63f9bc77b79283be45a4a6d9a73bb16f74cfa3071376e19fb48a474bce71ac9","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-59-59-1521","next":"us-ok/okla.-stat.-tit.-59-59-1523"},"notice":"GroundRules: Original legal text. Not legal advice."}