Requires scrap metal processors, scrap metal recycling centers, and scrap metal suppliers to complete a five-day "tag and hold" involving private metal property or nonferrous metal property.

Requires a scrap metal license to engage in the business of scrap metal processor or scrap metal recycler.

Requires a scrap metal licensee to obtain a special set of license plates for vehicles used by the business.

Creates the scrap metal license account.