647.098 - Limitations and requirements relating to method of payment by scrap metal processor to seller; receipt required. - Nevada Statutes

647.098  Limitations and requirements relating to method of payment by scrap metal processor to seller; receipt required.

      1.  For each purchase of scrap metal with a value of $150 or more by a scrap metal processor, the scrap metal processor must pay the seller only by check or electronic transfer of money. For payments made by check to a seller who represents a business, the check must be made payable to the business using the name of the business. A scrap metal processor shall not conduct more than one cash transaction of less than $150 with the same seller on the same day.

      2.  A scrap metal processor shall provide a receipt to the seller on-site at the time of the purchase of scrap metal by the scrap metal processor. The receipt must include, without limitation, the following information:

      (a) The date, time and place of the purchase;

      (b) An identifying description and weight of the scrap metal that is being purchased;

      (c) The price paid by the scrap metal processor for the scrap metal;

      (d) A copy of the personal identification provided pursuant to paragraph (c) of subsection 1 of NRS 647.094; and

      (e) The license number of the vehicle delivering the scrap metal that is being purchased.

      (Added to NRS by 2009, 1241)