If the person selling scrap metal which in whole or in part, consists of copper or an unattached catalytic converter is selling as an agent or employee of a business, payment for the metal shall be made only by check or money order, mailed to the business address of the business for whom the employee or agent is employed, and the payee on the check shall be the name of the business. A business that sells the type of scrap metal specified on a regular or frequent basis may annually preregister with a scrap metal dealer a list of employees who are authorized to sell on behalf of the business. A scrap metal dealer may pay an authorized, preregistered employee by any method, on site, and at the time of the transaction. If the person selling scrap metal specified in this subdivision is not an employee or agent of a business, payment for the scrap metal shall be by check, money order or voucher, at the option of the seller. If the seller elects payment by check or money order, it shall be mailed to the physical address provided on the driver license the seller used for identification. If the seller did not produce a driver license with a physical address on it, payment shall be by voucher. If a voucher is not redeemed by an authorized person within six (6) months of the date of the transaction, the voucher expires and may no longer be honored by the dealer after the expiration date. The dealer shall have one (1) year from the date of the voucher's expiration to transmit the transaction amount to the department for use in the administration of this chapter. Unredeemed voucher funds may be transmitted to the department in the same manner as dealer registration and renewal fees. If the seller elects payment by voucher, or if payment must be by voucher, the dealer shall give the seller a voucher for the amount of metal purchased. The voucher shall include the same information required under subdivision (b)(2) and the date on which the voucher can be redeemed. The voucher may only be redeemed by the person whose name appears on the voucher as the seller or by the person's heirs or legal representative. No voucher may be redeemed by the voucher holder or the holder's heirs or legal representative sooner than five (5) days from the date of the scrap metal transaction. T.C.A. 62-9-104
What are the rules regarding payment for scrap metal that consists of copper or an unattached catalytic converter?
Tim Smith -