As defined in Chapter 1956 of the Texas Occupations Code, a crafted precious metal dealer is a person registered to engage in the business of purchasing and selling precious metal items, except for: coins, bars, commemorative medallions, or items that the dealer purchases for 105% or more of scrap value.
Anyone operating as a crafted precious metal dealer in the State of Texas must register with the Office of Consumer Credit Commissioner (OCCC).
If you have specific legal questions, please seek the advice of an attorney.
Acquiring a Certificate Registration
Crafted Precious Metal Dealers is now hosted on the Texas OCCC website ALECS. Anyone who previously held a registration from the DPS site and those looking to obtain a new registration must create a new account in ALECS and submit a new application that approved upon completion of payment.
Click here for a step by step guide on acquiring a CPMD registration. Please turn your browsers auto fill feature off prior to beginning your application. To avoid any potential glitches, please use Chrome or Firefox browsers.
This process takes 10-15 minutes to complete, in which time you should be able to create your account, pay for, and print your certificate.
To complete the annual renewal, log in to ALECS, click on Manage My Business & Renew Registration. From there select the registration type (Crafted Precious Metals), check the boxes and complete your payment.
To add locations log in to ALECS, click on submit application, selected crafted precious metal and apply for your new location. The same steps are followed for applying for temporary locations. When completing your new application, select temporary as the type.
To print your certificate, log in to ALECS, click on Manage My Business and then on print registration. Select crafted precious metals from the registration type, check the boxes and click on PDF to print.
To remove a certificate, log in to ALECS, click on Manage My Business and select Surrender Registration. These requests are reviewed and a final decision is generally made within 45 business days.
We at OCCC do not handle transaction reporting. Please contact the local law enforcement where you do business.
Statutes and Rules
These are the primary statutes and rules that apply to crafted precious metal dealers. This is not a complete list of laws that crafted precious metal dealers are required to comply with. Contact your county office for more details.
Primary State Statute
Chapter 1956, Texas Occupations Code: Metal Recycling Entities
Title 7, Chapter 85, Texas Administrative Code
Other State Statutes
Texas Constitution and Statutes
Federal Statutes & Rules
U.S. Government Publishing Office
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