(1) Every purchaser of valuable articles shall keep a register, in a permanent, well-bound book, in which he shall record the following information: The name, address, and date of birth of the seller and his driver's license number or other I.D. number from any other allowed form of identification pursuant to section 18-16-103; the date, time, and place of the purchase; an accurate and detailed account and description of each valuable article being purchased, including, but not limited to, any trademark, identification number, serial number, model number, brand name, or other identifying marks on such articles and a description by weight and design of such articles. The purchaser shall also obtain a written declaration of the seller's ownership which shall state whether the valuable article is totally owned by the seller, how long the seller has owned the article, whether the seller or someone found the article, and, if the article was found, the details of its finding.
(2) The seller shall sign his name in such register and on the declaration of ownership.
(3) Such register shall be made available to any peace officer for inspection at any reasonable time.
(4) The purchaser shall keep each register for at least three years after the last date of purchase of valuable articles described therein.
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