SB501

Senate Bill No. 501–Committee on Finance

CHAPTER..........

AN ACT relating to motor vehicles; requiring the Department of Motor Vehicles to charge and collect certain new fees relating to the lease or sale of a vehicle; 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 482.423 is hereby amended to read as follows:

482.423 1. When a new vehicle is sold in this state for the

first time, the seller shall complete and execute a manufacturer’s

certificate of origin or a manufacturer’s statement of origin and,

unless the vehicle is sold to a licensed dealer, a dealer’s report of

sale. The dealer’s report of sale must be in a form prescribed by the

Department and must include:

(a) A description of the vehicle;

(b) The name and address of the seller; and

2. If, in connection with the sale, a security interest is taken or

retained by the seller 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 vehicle, the name and address of the

secured party or his assignee must be entered on the dealer’s report

of sale and on the manufacturer’s certificate or statement of origin.

3. Unless an extension of time is granted by the Department,

the seller shall:

(a) Collect the [fee] fees set forth in NRS 482.429 for [a] :

(1) A certificate of title for a vehicle registered in this state;

and

(2) The processing of the dealer’s report of sale; and

(b) Within 20 days after the execution of the dealer’s report of

sale:

(1) Submit to the Department the original of the dealer’s

report of sale and the manufacturer’s certificate or statement of

origin ; and [remit the fee]

(2) Remit to the Department the fees collected pursuant to

[this subsection for the certificate of title to the Department within

20 days after the execution of the dealer’s report of sale.]

paragraph (a).

4. Upon entering into a contract for the sale of a new vehicle,

the seller shall affix a temporary placard to the rear of the vehicle.

Only one temporary placard may be issued for the vehicle. The

temporary placard must:

(a) Be in a form prescribed by the Department;

(b) Be made of a material appropriate for use on the exterior of a

vehicle;

rear of the vehicle; and

(d) Include the date of its expiration.

5. Compliance with the requirements of subsection 4 permits

the vehicle to be operated for a period not to exceed 30 days after

the execution of the contract. Upon the issuance of the certificate of

registration and license plates for the vehicle or the expiration of the

temporary placard, whichever occurs first, the buyer shall remove

the temporary placard from the rear of the vehicle.

6. For the purposes of establishing compliance with the period

required by paragraph (b) of subsection 3, the Department shall use

the date imprinted or otherwise indicated on the dealer’s report of

sale as the beginning date of the 20-day period.

7. Upon execution of all required documents to complete the

sale of a vehicle, the dealer shall execute the dealer’s report of sale

and furnish a copy of the report to the buyer not less than 10 days

before the expiration of the temporary placard.

Sec. 2. NRS 482.4235 is hereby amended to read as follows:

482.4235 1. If a new vehicle is leased in this state by a long-

term lessor, the long-term lessor shall complete and execute a

manufacturer’s certificate of origin or a manufacturer’s statement of

origin, and a long-term lessor’s report of lease. Such a report must

be in a form prescribed by the Department and must include:

(a) A description of the vehicle; and

(b) The names and addresses of the long-term lessor, long-term

lessee and any person having a security interest in the vehicle.

2. Unless an extension of time is granted by the Department,

the long-term lessor shall [submit] , within 20 days after the

execution of the long-term lessor’s report of lease:

(a) Submit to the Department the original of the long-term

lessor’s report of lease and the manufacturer’s certificate of origin

or manufacturer’s statement of origin [to the Department within 20

days after the execution of the long-term lessor’s report of lease.] ;

and

(b) Collect and remit to the Department the fee set forth in

NRS 482.429 for the processing of the long-term lessor’s report of

lease.

3. Upon entering into a lease for a new vehicle, the seller shall

affix a temporary placard to the rear of the vehicle. Only one

temporary placard may be issued for the vehicle. The temporary

placard must:

(a) Be in a form prescribed by the Department;

(b) Be made of a material appropriate for use on the exterior of a

vehicle;

rear of the vehicle; and

(d) Include the date of its expiration.

4. Compliance with the requirements of subsection 3 permits

the vehicle to be operated for a period not to exceed 30 days after

the execution of the lease. Upon issuance of the certificate of

registration and license plates for the vehicle or the expiration of the

temporary placard, whichever occurs first, the long-term lessee shall

remove the temporary placard from the rear of the vehicle.

5. For the purposes of establishing compliance with the period

required by subsection 2, the Department shall use the date

imprinted or otherwise indicated on the long-term lessor’s report of

lease as the beginning date of the 20-day period.

6. Upon executing all documents necessary to complete the

lease of the vehicle, the long-term lessor shall execute the long-term

lessor’s report of lease and furnish a copy of the report to the long-

term lessee not less than 10 days before the expiration of the

temporary placard.

Sec. 3. NRS 482.424 is hereby amended to read as follows:

482.424 1. When a used or rebuilt vehicle is sold in this state

to any person, except a licensed dealer, by a dealer, rebuilder, long-

term lessor or short-term lessor, the seller shall complete and

execute a dealer’s or rebuilder’s report of sale. The dealer’s or

rebuilder’s report of sale must be in a form prescribed by the

Department and must include:

(a) A description of the vehicle, including whether it is a rebuilt

vehicle;

(b) The name and address of the seller; and

2. 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 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 vehicle, the name and address of the secured

party must be entered on the dealer’s or rebuilder’s report of sale.

3. Unless an extension of time is granted by the Department,

the seller shall:

(a) Collect the [fee] fees set forth in NRS 482.429 for [a] :

(1) A certificate of title for a vehicle registered in this state;

and

(2) The processing of the dealer’s or rebuilder’s report of

sale; and

(b) Within 30 days after the execution of the dealer’s or

rebuilder’s report of sale:

(1) Submit to the Department the original of the dealer’s or

rebuilder’s report of sale and the properly endorsed certificate of

title previously issued for the vehicle; and [remit the fee]

(2) Remit to the Department the fees collected pursuant to

[this subsection for the certificate of title to the Department within

30 days after the execution of the dealer’s or rebuilder’s report of

sale, together with the properly endorsed certificate of title or

certificate of ownership previously issued for the vehicle.]

paragraph (a).

4. Upon entering into a contract for the sale of a used or rebuilt

vehicle, the seller shall affix a temporary placard to the rear of the

vehicle. Only one temporary placard may be issued for the vehicle.

The temporary placard must:

(a) Be in a form prescribed by the Department;

(b) Be made of a material appropriate for use on the exterior of a

vehicle;

rear of the vehicle; and

(d) Include the date of its expiration.

5. Compliance with the requirements of subsection 4 permits

the vehicle to be operated for not more than 30 days after the

execution of the contract. Upon the issuance of the certificate of

registration and license plates for the vehicle or the expiration of the

temporary placard, whichever occurs first, the buyer shall remove

the temporary placard from the rear of the vehicle.

6. For the purposes of establishing compliance with the period

required by paragraph (b) of subsection 3, the Department shall use

the date imprinted or otherwise indicated on the dealer’s or

rebuilder’s report of sale as the beginning date of the 30-day period.

7. Upon executing all documents necessary to complete the

sale of the vehicle, the seller shall execute the dealer’s or rebuilder’s

report of sale and furnish a copy of the report to the buyer not less

than 10 days before the expiration of the temporary placard.

Sec. 4. NRS 482.4245 is hereby amended to read as follows:

482.4245 1. If a used or rebuilt vehicle is leased in this state

by a long-term lessor, the long-term lessor shall complete and

execute a long-term lessor’s report of lease. Such a report must be in

a form prescribed by the Department and must include:

(a) A description of the vehicle;

(b) An indication as to whether the vehicle is a rebuilt vehicle;

and

lessee and any person having a security interest in the vehicle.

2. Unless an extension of time is granted by the Department,

the long-term lessor shall [submit] , within 30 days after the

execution of the long-term lessor’s report of lease:

(a) Submit to the Department the original of the long-term

lessor’s report of lease [to the Department within 30 days after the

execution of the long-term lessor’s report of lease, together with]

and the properly endorsed certificate of title or certificate of

ownership previously issued for the vehicle[.] ; and

(b) Collect and remit to the Department the fee set forth in

NRS 482.429 for the processing of the long-term lessor’s report of

lease.

3. Upon entering into a lease for a used or rebuilt vehicle, the

seller shall affix a temporary placard to the rear of the vehicle. Only

one temporary placard may be issued for the vehicle. The temporary

placard must:

(a) Be in a form prescribed by the Department;

(b) Be made of a material appropriate for use on the exterior of a

vehicle;

rear of the vehicle; and

(d) Include the date of its expiration.

4. Compliance with the requirements of subsection 3 permits

the vehicle to be operated for a period not to exceed 30 days after

the execution of the lease. Upon issuance of the certificate of

registration and license plates for the vehicle or the expiration of the

temporary placard, whichever occurs first, the long-term lessee shall

remove the temporary placard from the rear of the vehicle.

5. For the purposes of establishing compliance with the period

required by subsection 2, the Department shall use the date

imprinted or otherwise indicated on the long-term lessor’s report of

lease as the beginning date of the 30-day period.

6. Upon executing all documents necessary to complete the

lease of the vehicle, the long-term lessor shall execute the long-term

lessor’s report of lease and furnish a copy of the report to the long-

term lessee not less than 10 days before the expiration of the

temporary placard.

Sec. 5. NRS 482.426 is hereby amended to read as follows:

482.426 When a used or rebuilt vehicle is sold in this state by a

person who is not a dealer or rebuilder, the seller or buyer or both of

them shall, within 10 days after the sale[, submit] :

1. Submit to the Department:

[1.] (a) If a certificate of ownership has been issued in this state,

the certificate properly endorsed.

[2.] (b) If a certificate of title or other document of title has been

issued by a public authority of another state, territory or country:

[(a)] (1) The certificate or document properly endorsed; and

[(b)] (2) A statement containing, if not included in the endorsed

certificate or document, the description of the vehicle, including

whether it is a rebuilt vehicle, the names and addresses of the buyer

and seller, and the name and address of any person who takes or

retains a purchase money security interest. Any such statement must

be signed and acknowledged by the seller and the buyer.

[3.] (c) If no document of title has been issued by any public

authority, a statement containing all the information and signed and

acknowledged in the manner required by subparagraph (2) of

paragraph (b) . [of subsection 2.]

2. Remit to the Department the fee set forth in NRS 482.429

for the processing of an endorsed certificate of title or statement

submitted to the Department pursuant to this section.

Sec. 6. NRS 482.429 is hereby amended to read as follows:

482.429 For its services under this chapter, the Department

shall charge and collect the following fees:

For each certificate of title issued for a vehicle

present or registered in this state...... $20.00

For each duplicate certificate of title issued20.00

For each certificate of title issued for a vehicle not

present in or registered in this state.... 35.00

For the processing of each dealer’s or rebuilder’s

report of sale submitted to the Department.. 8.25

For the processing of each long-term lessor’s report

of lease submitted to the Department. 8.25

For the processing of each endorsed certificate of

title or statement submitted to the Department upon

the sale of a used or rebuilt vehicle in this state by a

person who is not a dealer or rebuilder8.25

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