Sec. 14.5. (a) An automotive salvage recycler who is purchasing a detached catalytic converter valued at less than twenty-five dollars ($25) may remit payment in cash. An automotive salvage recycler may not purchase more than one (1) detached catalytic converter for cash per seller per day under this subsection. (b) An automated salvage recycler who is purchasing a detached catalytic converter that is valued at twenty-five dollars ($25) or more: (1) must remit payment by check issued and made payable to the seller; and (2) must not cash a check issued under subdivision (1), or use an automated teller machine or other cash card system in lieu of a check. (c) For each detached catalytic converter purchase by an automotive recycler under subsection (b), the automotive salvage recycler shall keep all records required by IC 25-37.5-1-2 . (d) Records required to be maintained under this section may be maintained in any form of data storage acceptable to the secretary if the records are readily accessible and available to copy by an investigating or auditing employee of the secretary upon demand at the established place of business. (e) An automotive salvage recycler licensed under this article that knowingly or intentionally fails to maintain the records required by this section commits a Class A infraction.
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