The provisions of this chapter do not apply to transactions conducted by the following:

1. (1) Motor vehicle dealers that do not meet the definition of a scrap metal business as described in section 54-2701, Idaho Code;
2. (2) Persons in the business of operating an automotive repair facility that do not meet the definition of a scrap metal business as described in section 54-2701, Idaho Code;
3. (3) Persons in the business of buying or selling empty food and beverage containers, including metal food and beverage containers, except beer kegs;
4. (4) Transactions of a value of less than twenty dollars ($20.00);
5. (5) Entities or individuals who do not receive compensation for the metal property; and
6. (6) Authorized insurers as defined in section 41-110(1), Idaho Code.

[54-2708, added 2009, ch. 152, sec. 2, p. 444; am. 2014, ch. 321, sec. 7, p. 799.]