1. Except as otherwise provided in subsection 2, a scrap metal processor shall not provide payment for a used catalytic converter 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 647.093 ; 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 sellers valid drivers 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 processors inventory can reasonably be matched to its description in the agreement.
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