NRS 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.
DEALERS IN SECONDHAND MATERIALS

Source: Section 647.098 — Limitations and requirements relating to method of payment by scrap metal processor to seller; receipt required., https://www.­leg.­state.­nv.­us/NRS/NRS-647.­html#NRS647Sec098.

Last Updated

Feb. 5, 2021

§ 647.098’s source at nv​.us