SUMMARY--Revises provisions governing licensing of short-term lessors of motor vehicles. (BDR 43-1529)
FISCAL NOTE: Effect on Local Government: No.
Effect on the State or on Industrial Insurance: No.
EXPLANATION - Matter in italics is new; matter in brackets [ ] is material to be omitted.
AN ACT relating to motor vehicles; revising the provisions governing the licensing of short-term lessors of motor vehicles; imposing additional fees on such short-term lessors; and providing other matters properly relating thereto.
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
Section 1 NRS 482.323 is hereby amended to read as follows:
482.323 1. Except as otherwise provided in subsections 2 and 3, every vehicle dealer shall maintain an established place of business in this state which:
(a) Includes a permanent enclosed building, owned in fee or leased, with sufficient space to display one or more vehicles which the dealer is licensed to sell; and
(b) Is principally used by the dealer to conduct his business.
2. Every used vehicle dealer, trailer dealer or semitrailer dealer shall maintain an established place of business in this state which has:
(a) Sufficient space to display one or more vehicles;
(b) Boundaries which are clearly marked; and
(c) A permanent enclosed building large enough to accommodate his office and provide a safe place to keep the books and other records of his business.
3. A short-term lessor [must designate] shall:
(a) Designate his principal place of business as his established place of business [.] and each other location where he conducts business as a branch that is operated pursuant to the license for the principal place of business.
(b) Notify the department of each branch at which he conducts business by filing, on forms provided by the department, such information pertaining to each branch as required by the department.
4. Every broker shall maintain an established place of business in this state which is in a permanent building with sufficient space to accommodate his office.
Sec. 2. NRS 482.327 is hereby amended to read as follows:
482.327 1. If a vehicle dealer , other than a short-term lessor, has one or more branches, he shall procure from the department a license for each branch in addition to the license issued for his principal place of business.
2. The department shall specify on each license it issues:
(a) The name of the licensee;
(b) The location for which the license is issued; and
(c) The name under which the licensee does business at that location.
3. The department shall, by regulation, provide for the issuance of a temporary license for a licensed dealer to conduct business at a temporary location. Any such regulations must include the imposition of a reasonable fee for the issuance of the temporary license.
Sec. 3. NRS 482.363 is hereby amended to read as follows:
482.363 1. Any person, other than a new or used vehicle dealer licensed under the provisions of NRS 482.325, who engages in the leasing of vehicles in this state as a long-term [or] lessor or any person who engages in the leasing of vehicles in this state as a short-term lessor, shall:
(a) Secure a license from the department to conduct the leasing business;
(b) Post a bond;
(c) Furnish the department with any other information as may be required;
(d) Comply with the terms and conditions of this chapter which apply to vehicle dealers; and
(e) Pay a license fee of $125.
2. A short-term lessor shall, in addition to the license fee specified in subsection 1, pay a fee of $125 for each branch to be operated pursuant to the license.
3. Any person employed by a long-term lessor licensed under the provisions of subsection 1 who engages in the practice of arranging or selling such services, and any person employed by a short-term lessor who sells, offers or displays for sale or exchange vehicles which are owned by such short-term lessor shall, before commencing operations, and annually thereafter:
(a) Secure from the department a license to act as a salesman of such services; and
(b) Comply with the terms and conditions which apply to salesmen of vehicles as specified in NRS 482.362.
[3.] 4. Licenses issued pursuant to subsection 1 expire on December 31 of each year. Before December 31 of each year, licensees shall furnish the department with an application for renewal of the license accompanied by an annual renewal fee of $50. A short-term lessor shall pay in addition an annual fee of $50 for each branch operated pursuant to the license. The renewal application must be provided by the department and must contain information required by the department.
[4.] 5. The provisions of NRS 482.352, relating to the denial, revocation or suspension of licenses, apply to licenses issued pursuant to the provisions of subsection 1. The provisions of NRS 482.362, relating to the denial, revocation, suspension and transfer of vehicle salesmen's licenses, apply to licenses issued pursuant to the provisions of subsection [2.] 3.