Dive summary:
- North Dakota has become the 49th state to implement laws that regulate the sale of scrap metal.
- The law would require dealers to keep a record of transactions for items over $25, include a description of the material and a photocopy of the sellers ID and not allow cash for sales of more than $1,000.
- States across the map have been adopting these regulations to discourage the recent slew of scrap metal theft and fraud.
From the article:
Following a surge in metal thefts, the state legislature passed a bill to require scrap metal dealers to keep a record of any transaction involving items worth more than $25, including a description of the items sold and a photocopy of the seller's ID. Furthermore, dealers may not make cash payments for sales of more than $1,000.
Some transactions, such as those between scrap metal dealers and purchases from government agencies, are exempted.
North Dakota is the 49th state to implement regulation of scrap metal transactions, according to a news release from the state attorney general's office. ...