Section 1956.0382 - Cash Transaction Card(a) A metal recycling entity may pay a seller for a purchase of regulated material by cash or debit card only if, before the entity issues payment: (1) the seller presents to the entity a valid cash transaction card issued by the entity or by another metal recycling entity located in this state; or(2) the entity obtains a copy of the seller's cash transaction card from the records of the entity.(b) An application for the issuance or renewal of a cash transaction card must include:(1) the name, address, sex, and birth date of the applicant;(2) the identification number from the applicant's personal identification document;(3) a digital photograph that accurately depicts the applicant's entire face taken at the time the applicant completes the application;(4) a clear and legible thumbprint of the applicant; and(5) the signature of the applicant.(c) On receipt of an application that contains the information required by Subsection (b), a metal recycling entity may approve the application and issue a cash transaction card to the applicant. The individual approving the application on behalf of the metal recycling entity must sign the application.(d) A cash transaction card must include: (1) the name and address of the seller;(2) a digital photograph of the seller that accurately depicts the seller's entire face;(3) an identifying number that is unique to the individual card; and(4) the expiration date of the card, which may not be later than two years from the date the card was issued or renewed.(e) A metal recycling entity must mail the issued cash transaction card to the address provided on the application for the card.(f) A cash transaction card issued under this section is not transferable.(g) A metal recycling entity shall preserve: (1) each application for a cash transaction card the entity receives until the second anniversary of the date the application was received; and(2) a copy of each cash transaction card the entity issues or renews until the second anniversary of the date the card was issued or renewed.Tex. Occ. Code § 1956.0382
Added by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 1065,Sec. 8, eff. 9/1/2015.