Nev. Rev. Stat. § 487.475

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 487.475 - Card authorizing dealer of new or used motor vehicles or rebuilder to bid for purchase of vehicle: Contents; quantity; issuance to salesperson under certain circumstances; fee; expiration; disposition of fees

1. A card authorizing a dealer of new or used motor vehicles or a rebuilder to bid to purchase a vehicle from an operator of a salvage pool must contain the dealer's or rebuilder's:

(a) Name and signature;

(b) Business name;

(c) Business address;

(d) Business license number issued by the Department; and

(e) Picture.

2. A dealer or rebuilder may obtain one or two cards for his or her business. If a dealer obtains two cards for his or her business, one of the cards may be issued to a salesperson who is an employee of the dealer and who is:

(a) Licensed pursuant to NRS 482.362; and

(b) Acting as an agent for the dealer in the purchase of a vehicle from an operator of a salvage pool.

3. The Department shall charge a fee of $50 for each card issued.

4. A card issued pursuant to this section expires on December 31 of the year in which it was issued. The dealer or rebuilder must submit to the Department an application for renewal accompanied by a renewal fee of $25 for each card. The application must be made on a form provided by the Department and contain such information as the Department requires.

5. Fees collected by the Department pursuant to this section must be deposited with the State Treasurer for credit to the Motor Vehicle Fund.

NRS 487.475

Added to NRS by 1989, 861; A 1991, 1778; 1997, 1372; 2005, 1222; 2007, 1232