(a) A secondary metals recycler shall maintain a legible record of all purchase transactions to which the secondary metals recycler is a party. The record shall include all of the following information:
(1) The name and address of the secondary metals recycler.
(2) The date of the transaction.
(3) The weight, quantity, or volume and a description of the type of metal property purchased in a purchase transaction. For purposes of this subdivision, the term "type of metal property" shall include a general physical description, such as wire, tubing, extrusions, or casting.
(4) The amount of consideration given in a purchase transaction for the metal property.
(5) A signed statement from the person receiving consideration in the purchase transaction stating that he or she is the rightful owner of the metal property or is entitled to sell the metal property being sold.
(6) The name and address of the person delivering the metal property to the secondary metals recycler.
(7) The distinctive number from, and type of, the personal identification card of the person delivering the metal property to the secondary metals recycler.
(8) The vehicle license tag number, state of issue, and the type of vehicle, if available, used to deliver the metal property to the secondary metals recycler. For purposes of this subdivision, the term "type of vehicle" shall mean an automobile, pickup truck, van, or truck.
(b)(1) For three years following September 1, 2007, the secondary metal recycler shall not enter into any cash transactions in excess of one hundred dollars ($100) for copper or in excess of one thousand dollars ($1,000) for all other metals in payment for the purchase of the metal property. Payment shall be made by check issued to the seller of the metal. The check shall be payable to the name and address of the seller of the metal and mailed to the recorded address of the seller or picked up in person by the seller. At the end of three years, this subdivision shall be repealed and subdivision (2) shall apply.
(2) Commencing three years and one day following September 1, 2007, the secondary metal recycler shall not enter into any cash transactions in excess of one thousand dollars ($1,000) for any metals in payment for the purchase of the metal property. Payment shall be made by check issued to the seller of the metal. The check shall be payable to the name and address of the seller or picked up in person by the seller.
(c) A secondary metals recycler shall maintain or cause to be maintained the information required by subsection (a) for not less than two years from the date of the purchase transaction.
(a) A secondary metals recycler shall maintain a legible record of all purchase transactions to which the secondary metals recycler is a party. The record shall include all of the following information:
(1) The name and address of the secondary metals recycler.
(2) The date of the transaction.
(3) The weight, quantity, or volume and a description of the type of metal property purchased in a purchase transaction. For purposes of this subdivision, the term "type of metal property" shall include a general physical description, such as wire, tubing, extrusions, or casting.
(4) The amount of consideration given in a purchase transaction for the metal property.
(5) A signed statement from the person receiving consideration in the purchase transaction stating that he or she is the rightful owner of the metal property or is entitled to sell the metal property being sold.
(6) The name and address of the person delivering the metal property to the secondary metals recycler.
(7) The distinctive number from, and type of, the personal identification card of the person delivering the metal property to the secondary metals recycler.
(8) The vehicle license tag number, state of issue, and the type of vehicle, if available, used to deliver the metal property to the secondary metals recycler. For purposes of this subdivision, the term "type of vehicle" shall mean an automobile, pickup truck, van, or truck.
(b)(1) For three years following September 1, 2007, the secondary metal recycler shall not enter into any cash transactions in excess of one hundred dollars ($100) for copper or in excess of one thousand dollars ($1,000) for all other metals in payment for the purchase of the metal property. Payment shall be made by check issued to the seller of the metal. The check shall be payable to the name and address of the seller of the metal and mailed to the recorded address of the seller or picked up in person by the seller. At the end of three years, this subdivision shall be repealed and subdivision (2) shall apply.
(2) Commencing three years and one day following September 1, 2007, the secondary metal recycler shall not enter into any cash transactions in excess of one thousand dollars ($1,000) for any metals in payment for the purchase of the metal property. Payment shall be made by check issued to the seller of the metal. The check shall be payable to the name and address of the seller or picked up in person by the seller.
(c) A secondary metals recycler shall maintain or cause to be maintained the information required by subsection (a) for not less than two years from the date of the purchase transaction.
(a) A secondary metals recycler shall maintain a legible record of all purchase transactions to which the secondary metals recycler is a party. The record shall include all of the following information:
(1) The name and address of the secondary metals recycler.
(2) The date of the transaction.
(3) The weight, quantity, or volume and a description of the type of metal property purchased in a purchase transaction. For purposes of this subdivision, the term "type of metal property" shall include a general physical description, such as wire, tubing, extrusions, or casting.
(4) The amount of consideration given in a purchase transaction for the metal property.
(5) A signed statement from the person receiving consideration in the purchase transaction stating that he or she is the rightful owner of the metal property or is entitled to sell the metal property being sold.
(6) The name and address of the person delivering the metal property to the secondary metals recycler.
(7) The distinctive number from, and type of, the personal identification card of the person delivering the metal property to the secondary metals recycler.
(8) The vehicle license tag number, state of issue, and the type of vehicle, if available, used to deliver the metal property to the secondary metals recycler. For purposes of this subdivision, the term "type of vehicle" shall mean an automobile, pickup truck, van, or truck.
(b)(1) For three years following September 1, 2007, the secondary metal recycler shall not enter into any cash transactions in excess of one hundred dollars ($100) for copper or in excess of one thousand dollars ($1,000) for all other metals in payment for the purchase of the metal property. Payment shall be made by check issued to the seller of the metal. The check shall be payable to the name and address of the seller of the metal and mailed to the recorded address of the seller or picked up in person by the seller. At the end of three years, this subdivision shall be repealed and subdivision (2) shall apply.
(2) Commencing three years and one day following September 1, 2007, the secondary metal recycler shall not enter into any cash transactions in excess of one thousand dollars ($1,000) for any metals in payment for the purchase of the metal property. Payment shall be made by check issued to the seller of the metal. The check shall be payable to the name and address of the seller or picked up in person by the seller.
(c) A secondary metals recycler shall maintain or cause to be maintained the information required by subsection (a) for not less than two years from the date of the purchase transaction.
