Idaho § 54-2704 RECORD FOR COMMERCIAL ACCOUNTS

Idaho Statutes

§ 54-2704 — RECORD FOR COMMERCIAL ACCOUNTS

Idaho § 54-2704

Title 54PROFESSIONS, VOCATIONS, AND BUSINESSES

Ch. 27SCRAP DEALERS

This text of Idaho § 54-2704 (RECORD FOR COMMERCIAL ACCOUNTS) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 54-2704 (2026).

Text

(1)Every scrap metal business must create and maintain a permanent record with a commercial enterprise, including another scrap metal business, in order to establish a commercial account. That record, at a minimum, must be retained for five (5) years and must include the following information:

(a)The full name of the commercial enterprise or commercial account;

(b)The business address and telephone number of the commercial enterprise or commercial account;

(c)The full name of the primary contact of the commercial enterprise or whoever is authorized to deliver nonferrous metal and stainless steel and commercial metal property to the scrap metal business; and

(d)The full name of the primary contact of the commercial enterprise who is authorized to permit a scrap metal business to take p

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(1) Every scrap metal business must create and maintain a permanent record with a commercial enterprise, including another scrap metal business, in order to establish a commercial account. That record, at a minimum, must be retained for five (5) years and must include the following information:
(a) The full name of the commercial enterprise or commercial account;
(b) The business address and telephone number of the commercial enterprise or commercial account;
(c) The full name of the primary contact of the commercial enterprise or whoever is authorized to deliver nonferrous metal and stainless steel and commercial metal property to the scrap metal business; and
(d) The full name of the primary contact of the commercial enterprise who is authorized to permit a scrap metal business to take possession of nonferrous metal and stainless steel and commercial metal property at the business location of the commercial enterprise.
(2) The record maintained by a scrap metal business for a commercial account must document every purchase or receipt of nonferrous metal and stainless steel and commercial metal property made in the previous five (5) years from the commercial enterprise. The documentation must include, at a minimum, the following information:
(a) The time, date and value of the property being purchased or received;
(b) A description of the predominant types of property being purchased or received.
(3) Payment for nonferrous metal and stainless steel and/or commercial metal property purchased or received by the scrap metal business under a commercial account will be made by cash, credit cards, electronic funds transfer or check payable to the commercial enterprise.