Payment By Metal Recycling Entity

Sec. 1956.0381. PAYMENT BY METAL RECYCLING ENTITY. (a) A metal recycling entity may pay for a purchase of regulated material only by: (1) cash if the seller has been issued a cash transaction card under Section 1956.0382, unless the metal recycling entity is prohibited from paying in cash under Section 1956.038(b); (2) debit card if the seller has been issued a cash transaction card under Section 1956.0382; (3) check; (4) money order; or (5) direct deposit by electronic funds transfer. (b) A metal recycling entity shall include in the record of purchase required by Section 1956.033, as applicable, a copy of: (1) the seller's cash transaction card or approved application for a cash transaction card if the entity paid for a purchase of regulated material by cash; (2) the debit card receipt and the seller's cash transaction card or approved application for a cash transaction card if the entity paid for a purchase of regulated material by debit card; or (3) the check if the entity paid for a purchase of regulated material by check. Added by Acts 2015, 84th Leg., R.S., Ch. 1065 (H.B. 2187), Sec. 8, eff. September 1, 2015.