Tex.
Occ. Code 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.
Source:
Section 1956.0382 — Cash Transaction Card, https://statutes.capitol.texas.gov/Docs/OC/htm/OC.1956.htm#1956.0382 (accessed Jun. 5, 2024).
