The original instrument was prepared by Michelle Ducharme. The following
digest, which does not constitute a part of the legislative instrument, was prepared
by J. Ashley Mitchell.
DIGEST
John Smith (SB 131)
Present law provides that an operator shall not enter into any cash transactions in payment for the
purchase of copper.
Present law provides that payment for copper shall be made in the form of a check made payable
to the seller of the metal and mailed to the address recorded on the photo identification of the
seller no earlier than five business days after the date of the transaction .
Proposed law provides that after five business days from the date of the transaction, payment for
copper shall be made in the form of a check made payable to the name and address of the seller
of the metal or a loadable payment card and shall be tended to the seller in either of the following
manners:
(1)By mail to the address recorded on the photo identification of the seller.
(2)In person at the place of business of the operator.
(3)By electronic transfer.
Present law provides that an operator shall not enter into any cash transactions in excess of $300
in payment for the purchase of metal property other than copper. Payments in excess of $300 for
metals other than copper shall be made in the form of a check made payable to the name and
address of the seller and may be tendered to the seller at the time of the transaction.
Proposed law provides that payments in excess of $300 for metals other than copper shall be
made in the form of a check made payable to the name and address of the seller or a loadable
payment card and may be tendered to the seller at the time of the transaction.
Present law provides that except for copper purchases, in lieu of a check, an operator may make
payment to the seller in the form of a check or loadable payment card.
Present law further provides that an operator shall require verification of the seller's identification
by a driver's license or similar means, and shall require verification of the seller's address by a
current utility bill.
Proposed law provides that if an operator makes payment to the seller in the form of a loadable
payment card, the operator shall require verification of the seller's identification by a driver's
license or similar means, and shall require verification of the seller's address by a current utility bill.
Effective August 1, 2013.
(Amends R.S. 37:1973(A) and (C))
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Commerce, Consumer
Protection, and International Affairs to the original bill
1. Requires that payment for the sale of copper be made after five business days after
the transaction either by check or by loadable payment card.
2. Provides that payment by check or loadable payment card shall be either mailed to
the seller at the address recorded on the photo identification of the seller or in
person at the place of business of the operator.
Senate Floor Amendments to engrossed bill
1. Allows payment "by electronic transfer".
2. Allows payment by a check card.