Accurate and Legible Records

Accurate and Legible Records. Applicants for registration and registered Scrap Metal Dealers must keep an accurate and legible record pursuant to the Act. Applicants and Scrap Metal Dealers shall comply with the recordkeeping requirements of the Act by submitting a Customer Transaction Report or a Dealer-to-Dealer Transaction Report for each purchase transaction. The Customer Transaction Report and/or Dealer-to-Dealer Transaction Report must be submitted electronically to the Agent, who shall keep and maintain all electronic records pursuant to the Act. Customer Transaction Reports and/or Dealer-to-Dealer Transaction Reports must be uploaded to the Secretary’s Agent no later than the close of business (5:00 p.m.) of the next business day following the date of purchase by the dealer.