Nevada Revised Statutes 647.099 – Limitations and requirements relating to method of payment by scrap metal processor for used catalytic converter; exception
1. Except as otherwise provided in subsection 2, a scrap metal processor shall not provide payment for a used catalytic converter unless:
Terms Used In Nevada Revised Statutes 647.099
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
(a) The payment is made by check or through an electronic transfer of money cleared through an automated clearinghouse;
(b) The seller is a person described in NRS 647.093; and
(c) The scrap metal processor obtains:
(1) A clear photograph or video of the:
(I) Seller at the time of the sale;
(II) Used catalytic converter being sold; and
(III) If applicable, the vehicle identification number permanently marked on the used catalytic converter;
(2) A copy of the seller’s valid driver’s license containing the photograph and address of the seller, or a copy of a state or federal government-issued identification card containing the photograph and address of the seller; and
(3) A statement written by the seller indicating:
(I) That the seller is the lawful owner or possessor of the used catalytic converter; or
(II) The name of the person from whom the seller obtained the used catalytic converter, including, if applicable, the name of the business as shown on a signed transfer document.
2. The provisions of subsection 1 do not apply to a scrap metal processor who buys a used catalytic converter if the scrap metal processor and the seller have a written agreement for the transaction which includes:
(a) A log or other regularly updated record of all used catalytic converters received pursuant to the agreement; and
(b) A description of each catalytic converter with enough particularity so that each of the used catalytic converters in the scrap metal processor’s inventory can reasonably be matched to its description in the agreement.