Assembly Bill No. 130

Assembly Bill No. 130-Committee on Transportation

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AN ACT relating to vehicles; requiring a vehicle dealer to designate a location in each county in which he conducts business as his principal place of business for that county; requiring a vehicle dealer who changes the name or location of his business to submit to the department of motor vehicles and public safety certain documentation; revising the provisions governing the maintenance and inspection of the business records of vehicle dealers and brokers; and providing other matters properly relating thereto.

[Approved May 2, 1997]

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

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Section 1. NRS 482.326 is hereby amended to read as follows:
482.326 1. A vehicle dealer shall inform the department of the location of each place at which he conducts any business, and the name under which he does business at each location.
2. If a vehicle dealer does business at more than one location, he shall designate one location in each county in which he does business as his principal place of business for that county and one name as the principal name of his business. He shall designate all of his other business locations not otherwise designated as a principal place of business pursuant to this subsection as branches.
3. If a vehicle dealer changes the name or location of any of his established places of business, he shall [notify] , not later than 10 days after making the change, submit to the department [of the change within 10 days.] such documents relating to the change as the department by regulation requires.
Sec. 2. NRS 482.3263 is hereby amended to read as follows:
482.3263 1. [Every dealer and broker] A dealer shall keep his books and records for all locations at which he does business within a county at his principal place of business [and shall permit] in that county. A broker shall keep his books and records at his principal place of business.
2. Each dealer and broker shall:
(a) Permit any authorized agent of the director or the State of Nevada to inspect and copy [them] the books and records during usual business hours [.
2.] ; or
(b) Not later than 3 business days after receiving a request from such a person for the production of the books and records or any other information, provide the requested books, records and other information to the person at the location specified in the request.
3. A dealer or broker shall retain his books and records for 3 years after he ceases to be licensed as a dealer or broker.
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