(a) It shall be unlawful for a dealer to make a payment in cash money to any seller or pledger unless the dealer shall record the number of a valid form of identification with a photograph of the identified individual or shall photograph the same along with the object or objects tendered for sale, trade or pledge, and preserve same as a record of the transaction.

    (b) A dealer may purchase or pledge, by check, precious metal, provided that a record of such check be maintained as herein provided for by section 13-118.

    (c) Violation of paragraph (a) of this section shall be a Class A misdemeanor and punishable under the penalties provided in section 16-66 of this Code.

(Code 1964, § 11.1370)