NRS 647.101: Limitations and requirements relating to method of payment by scrap metal processor for used utility wire; exception.

1. Except as otherwise provided in subsection 2, a scrap metal processor shall not provide payment for used utility wire unless:

(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 647.0935; and

(c) The scrap metal processor obtains:

(1) A clear photograph or video of the:

(I) Seller at the time of the sale; and

(II) Used utility wire being sold;

(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 utility wire; or

(II) The name of the person from whom the seller obtained the used utility wire, 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 used utility wire 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 utility wire received pursuant to the agreement; and

(b) A description of each unit of used utility wire with enough particularity so that each of the units of used utility wire in the scrap metal processor’s inventory can reasonably be matched to its description in the agreement.