Purpose of the Bill

The bill aims to modify trade regulations involving the sale of scrap metal by eliminating the requirement for a license to sell scrap metal copper in Minnesota. This includes changes to current record-keeping practices for scrap metal dealers.

Main Provisions

• Purchase or Acquisition Record: Scrap metal dealers must maintain detailed records of each transaction. This includes descriptions, weights, transaction information, and seller identification.
• No License Requirement: The bill repeals the requirement for sellers to have a license to sell scrap metal copper. Previously, individuals needed a license issued by the commissioner.
• Law Enforcement Inspection: The record-keeping requirements must be readily available for inspection by law enforcement at any reasonable time.
• Transaction Receipts: Dealers must provide a receipt to sellers containing detailed transaction information.
• Data Protection: Dealers are required to protect the personal information of customers unless disclosure is needed by law enforcement or other legal requirements.

Significant Changes

• Repeal of Licensing Requirement: The bill repeals Minnesota Statutes 2024 section 325E.21 subdivision 2c, which mandated a license for selling scrap metal copper. This change simplifies the process, removing the need for individuals to apply for and renew a license, as well as pay associated fees.
• Updates to Record-Keeping: The amendments require electronic records of transactions to include more detailed information than before, enhancing the traceability of scrap metal sales.

Relevant Terms

• Scrap metal
• Copper sales
• Licensing requirements
• Record-keeping
• Transaction receipts
• Law enforcement inspections
• Personal information protection