Senate Bill 293 defines the converters as a 'major component part' of a vehicle, which makes it so that only licensed salvage recyclers can buy or sell them, according to the Indiana Secretary of State.
INDIANAPOLIS — A bill that will regulate the transaction of catalytic converters in Indiana was signed into law Monday by Gov. Eric Holcomb.
A local mechanic told WRTV at the time they sold for $20 to a couple of hundred dollars at scrap yards, depending on scrap prices. "The metal component can be stolen in a matter of minutes but can set back unsuspecting car owners thousands of dollars for repair and replacement. Through our Auto Dealer Services Division, we are committed to slowing this trend and protecting Hoosiers’ hard-earned money."
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