PAYMENT BY METAL RECYCLING ENTITY.
Tex. OCC Code § 1956.0381.
in effect(a) A metal recycling entity may pay for a purchase of regulated material only by:
(1) cash if the seller has been issued a cash transaction card under Section 1956.0382 , unless the metal recycling entity is prohibited from paying in cash under Section 1956.038 (b);
(2) debit card if the seller has been issued a cash transaction card under Section 1956.0382 ;
(3) check;
(4) money order; or
(5) direct deposit by electronic funds transfer.
(b) A metal recycling entity shall include in the record of purchase required by Section 1956.033 , as applicable, a copy of:
(1) the seller's cash transaction card or approved application for a cash transaction card if the entity paid for a purchase of regulated material by cash;
(2) the debit card receipt and the seller's cash transaction card or approved application for a cash transaction card if the entity paid for a purchase of regulated material by debit card; or
(3) the check if the entity paid for a purchase of regulated material by check.
Added by Acts 2015, 84th Leg., R.S., Ch. 1065 (H.B. 2187 ), Sec. 8, eff. September 1, 2015.