California Business and Professions Code

§ 21608.5

BPC § 21608.5 Effective Sep 5, 2019Div. 8 · Ch. 9 · Art. 3

Statute text

(a)A junk dealer or recycler in this state shall not provide payment for nonferrous material unless, in addition to meeting the written record requirements of Sections 21605 and 21606, all of the following requirements are met:

(1)(A) The payment for the material is made by cash, general use prepaid card, or check. The check may be mailed to the seller at the address provided pursuant to paragraph (3), or the cash or check may be collected by the seller from the junk dealer or recycler on or after the third business day after the date of sale. If the buyer offers, and the seller agrees, to have the payment made by general use prepaid card, the card may be provided to the seller at the time of sale, but funds shall not be available to the seller until the third business day after the date of sale.

(B)If payment is made by general use prepaid card, a junk dealer or recycler shall pay any one-time initial issuance fee.

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Legislative history

Amended by Stats. 2019, Ch. 243, Sec. 1. (SB 143) Effective September 5, 2019.