66-425. Permissible payment methods for nonferrous metals purchasers.
Limitation on Cash Purchases. No nonferrous metals purchaser shall enter into a cash transaction for the purchase of copper, and no nonferrous metals purchaser shall purchase any nonferrous metal property for any cash consideration greater than one hundred dollars ($100.00) per transaction. Any payment in excess of one hundred dollars ($100.00) per transaction shall be made by check, money order or cash card system. A nonferrous metals purchaser shall not make more than one cash purchase per day from any individual, business, corporation or partnership. (2012-46, s. 28.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 66 - Commerce and Business
Article 45 - Pawnbrokers, Metal Dealers, and Scrap Dealers.
§ 66-388 - Pawnbroker authority.
§ 66-390 - Requirements for licensure.
§ 66-391 - Record-keeping requirements for pawnbrokers.
§ 66-392 - Record-keeping requirements for currency converters and e-buyers.
§ 66-393 - Pawnbroker fees; interest rates.
§ 66-394 - Pawnbroker transactions.
§ 66-397 - Municipal or county authority.
§ 66-405 - Legislative finding.
§ 66-408 - Perjury; punishment.
§ 66-409 - Bond or trust account required.
§ 66-410 - Records to be kept.
§ 66-411 - Items not to be modified.
§ 66-412 - Purchasing from juvenile.
§ 66-414 - Portable smelters prohibited.
§ 66-421 - Required records and receipts for regulated metals transactions.
§ 66-422 - Inspection of regulated metals property and records.
§ 66-423 - Hold notices for nonferrous metals; retention of nonferrous metals.
§ 66-424 - Prohibited activities and transactions.
§ 66-425 - Permissible payment methods for nonferrous metals purchasers.
§ 66-426 - Issuance of nonferrous metals purchase permits by Sheriff; form; fees; recordkeeping.
§ 66-431 - Forfeiture of vehicles used to transport unlawfully obtained regulated metals property.