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Bill > H286


MA H286

MA H286
Regulating secondary metals dealings


summary

Introduced
01/22/2019
In Committee
05/15/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to secondary metals dealings. Consumer Protection and Professional Licensure.

AI Summary

This bill aims to regulate secondary metals dealings in Massachusetts. It establishes a registration process for secondary metals dealers, requiring them to maintain detailed records of their transactions, including obtaining identification from sellers. The bill also prohibits dealers from accepting certain types of metal items, such as guardrails, manhole covers, and historical markers, which are deemed "prohibited metals." The bill imposes fines for violations, including knowingly buying or receiving prohibited metals, engaging in secondary metals dealing without registration, and failing to comply with record-keeping requirements. Additionally, the bill directs the commissioner of banks to establish a 2-year pilot program for a Massachusetts Abandoned Property Registry to address vacant or foreclosing properties in the Commonwealth.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (5)

Last Action

Bill reported favorably by committee and referred to the committee on House Ways and Means (on 05/15/2019)

bill text


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