SB 657 Summary

• Amends the Oklahoma Scrap Metal Dealers Act to clarify definitions, record-keeping requirements, and unlawful activities related to scrap metal transactions.

• Requires scrap metal dealers to maintain records including seller identification, vehicle information, transaction details, and item descriptions; allows electronic record systems and municipal format standards.

• Mandates scrap metal dealers hold purchases of 35+ pounds with serial numbers for 10 days without alteration, or obtain digital images (minimum 640x480 JPEG format) retained for 90 days.

• Prohibits cash transactions exceeding $1,000 for regulated scrap metal unless with exempted sellers; requires payment by check mailed to seller's physical residence or business address.

• Establishes violations ranging from misdemeanors with $500-$2,500 fines for first offenses to felonies with up to $10,000 fines and 2 years imprisonment for third violations; revokes sales tax permits after three separate violations with 1-year ineligibility period.

• Effective date: November 1, 2015.