Scrapping license

**Scrapette** · 12-24-2011, 11:16 AM

Originally Posted by GeorgeB

Only people yards give checks too, is company's that have multiple checks coming in. The drivers collect the check, and turn it into their offices, and they deposit them.

Only other times that I have seen this happen, if the payouts have been pretty high...I believe like $1,000 or more.

If they require license, depends on the regulations, etc if people stop scrapping and prices drop.

That new Cincinnati law would require the yards to pay scrappers with checks and the checks would be on a hold for so many days in case the metal turned out to be stolen.

If people stop scrapping, wouldn't that make prices go up due to scarcity?

**gustavus** · 12-24-2011, 09:02 PM

Originally Posted by Scrapette

That new Cincinnati law would require the yards to pay scrappers with checks and the checks would be on a hold for so many days in case the metal turned out to be stolen.

If people stop scrapping, wouldn't that make prices go up due to scarcity?

The yards and mills would fill the void from other sources, like Canada or Mexico.

**GeorgeB** · 12-25-2011, 05:09 PM

Originally Posted by Scrapette

That new Cincinnati law would require the yards to pay scrappers with checks and the checks would be on a hold for so many days in case the metal turned out to be stolen.

If people stop scrapping, wouldn't that make prices go up due to scarcity?

The only thing that would make them stop, is if they can't go a few days without cash. Most scrappers that I know of personally, leave a little cash (like petty cash) for those days, when there is no scrap to be had, or emergencies, etc.

I could understand the whole check thing, but even so, with most banks, if they know you, they will push the check through.

Only way a scrap yard can have a check have a hold on it, if they write a date for a few days into the week. Like if I went today and they wrote me a check, and post dated till Friday, I wouldn't be able to deposit till Friday.