INDIANAPOLIS - Indiana Governor Eric Holcomb signed a bill into law that regulates the sale of catalytic converters in an effort to protect vehicle owners from the theft of the valuable metal.

Secretary of State Holli Sullivan proposed the legislation.

The new law defines catalytic converters as a ‘major component part’ so only licensed salvage recyclers can buy or sell catalytic converters.

Salvage recyclers must keep the same records as valuable metal dealers, puts a cap of $25 on cash payouts for detached catalytic converters to $25 per purchase per day. The purchase of catalytic converters valued over $25 must be paid by check.

The buyer must take a photograph of the seller and the item being purchased.

The law goes into effect July 1, 2022