CA SB986

Changes payment method for core recyclers purchasing catalytic converters from checks to any traceable form of payment other than cash, with delayed payment requirements for non-business sellers (mailed or collected on third business day after sale).

Requires written agreements between core recyclers and sellers to include a regularly updated log describing each catalytic converter received with sufficient detail to match converters in inventory to the agreement.

Prohibits dealers and retail sellers from selling new or used vehicles equipped with catalytic converters unless the converter is permanently marked with the vehicle's identification number (VIN), with exemptions for collector vehicles, salvage vehicles, and vehicles where converters are not readily accessible.

Establishes misdemeanor penalties for core recyclers violating requirements, including $1,000 fine for first offense, $2,000+ for second offense (with possible 30-day business closure), and $4,000+ for third offense (with mandatory one-year business closure).

Violation of the dealer marking requirement is punishable as an infraction.