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)
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