Senate Bill No. 95-Committee on Commerce and Labor
(On Behalf of the Division of Manufactured Housing
of the Department of Business and Industry)
January 30, 1997
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Referred to Committee on Commerce and Labor
SUMMARY--Revises procedures for reports of sale by dealers and rebuilders of manufactured homes, mobile homes and commercial coaches. (BDR 43-421)
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 the reporting of sales; revising the provisions governing the reporting of sales by dealers and rebuilders of manufactured homes, mobile homes and commercial coaches; and providing other matters properly relating thereto.
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
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Section 1 NRS 489.501 is hereby amended to read as follows:
489.501 1. When a new manufactured home, mobile home or commercial coach is sold in this state by a dealer, he shall complete a report of sale. The dealer's report of sale must be in a form prescribed by the division and include a description of the manufactured home, mobile home or commercial coach, the name and address of the seller and the name and address of the buyer. If in connection with the sale a security interest is taken or retained by the seller or dealer to secure all or part of the purchase price, or a security interest is taken by a person who gives value to enable the buyer to acquire rights in the manufactured home, mobile home or commercial coach, the name and address of the secured party or his assignee must be entered on the dealer's report of sale.
2. The [seller] dealer shall submit the original of the dealer's report of sale and the manufacturer's certificate or statement of origin to the division within 30 days after the execution of all instruments which the contract of sale required to be executed at the time of sale or within 30 days after the date of sale, whichever is later, unless an extension of time is granted by the division.
3. A dealer who sells a new manufactured home, mobile home or commercial coach shall deliver the buyer's copy of the report of sale to him at the time of sale and submit another copy within 30 days after the date of the sale to the county assessor of the county in which the manufactured home, mobile home or commercial coach will be located.
Sec. 2. NRS 489.511 is hereby amended to read as follows:
489.511 1. If a used or rebuilt manufactured home, mobile home or commercial coach is sold in this state by a dealer or rebuilder, the [seller] dealer or rebuilder shall complete a dealer's or rebuilder's report of sale. The report must be in a form prescribed by the division and include a description of the manufactured home, mobile home or commercial coach, the name and address of the seller and the name and address of the buyer. If a security interest exists at the time of the sale, or if in connection with the sale a security interest is taken or retained by the seller , dealer or rebuilder to secure all or part of the purchase price, or a security interest is taken by a person who gives value to enable the buyer to acquire rights in the manufactured home, mobile home or commercial coach, the name and address of the secured party must be entered on the dealer's or rebuilder's report of sale.
2. The [seller] dealer or rebuilder shall submit the original of the dealer's or rebuilder's report of sale to the division within 45 days after the execution of all instruments which the contract of sale requires to be executed at the time of the sale, unless an extension of time is granted by the division, together with the endorsed certificate of title or certificate of ownership previously issued. The [seller] dealer or rebuilder shall furnish one copy of the report of sale to the buyer at the time of the sale. Within 45 days after the sale, the [seller] dealer or rebuilder shall furnish one copy of the report of sale to the assessor of the county in which the manufactured home, mobile home or commercial coach will be located.
3. If a used or rebuilt manufactured home, mobile home or commercial coach is sold by a dealer or rebuilder pursuant to an installment contract or other agreement by which the certificate of title or certificate of ownership does not pass immediately from the seller to the buyer upon the sale, the [seller] dealer or rebuilder shall submit to the division any information required by the regulations adopted by the administrator pursuant to NRS 489.272.
Sec. 3. This act becomes effective upon passage and approval.