Tenn. Comp. R. & Regs. 0780-05-14-.07

Current through June 10, 2024

Section 0780-05-14-.07 - CHECK ISSUANCE FEE

A scrap metal dealer may charge the person selling scrap metal a check issuance fee of ten percent (10%) of the dollar value of the scrap for the dealer's administrative costs of processing and issuing any check required by the Act. However, the fee, if charged, shall be a minimum of two dollars ($2.00) and shall not exceed five dollars ($5.00) per check.

Public necessity rule filed August 29, 2008; effective through February 10, 2009. Public necessity rule filed August 29, 2009; expired effective February 11, 2009; rule reverted to its previous status. Public necessity rule filed February 18, 2009; effective through August 2, 2009. New rule filed February 10, 2009; effective April 26, 2009.

Authority: T.C.A. § 62-9-104.