1. Records required. Every dealer in used personal property shall record the following information before completing the purchase of any used personal property:
A. The date of the purchase;
B. The seller's name and address; and
C. A brief description of the property, including any identification numbers.
Before recording the information required by this subsection, a dealer shall require reasonable written proof of the seller's identification in the form of a motor vehicle operator's license, military identification card, adult liquor identification card or similar item.
2. Form of records. The records required under subsection 1 must be kept for the purpose of complying with this section, maintained in order by date of purchase and contained either in a bound volume or ledger or in a binder in which pages can be affixed.
3. Availability for inspection. Upon request by any law enforcement officer or prosecuting attorney, a dealer in used personal property shall promptly make available for inspection at the dealer's principal place of business the records required under subsection 1.
4. Violations. A dealer in used personal property who violates any of the requirements of this section or a seller who provides false identification to a dealer is guilty of a Class E crime.
5. Exemption. An auctioneer licensed under Title 32, chapter 5‑B is exempt from the requirements of this section.