Lien sale of vehicle: Duties upon sale; form and contents of required documentation

NAC 108.110 Lien sale of vehicle: Duties upon sale; form and contents of required documentation. ( NRS 108.26797 ) 1. Except for a lien sale to a licensed wrecker, when a vehicle is sold as a result of a lien, the lien claimant shall: (a) Collect from the buyer of the vehicle: (1) The fee set forth in NRS 482.429 for a certificate of title for a vehicle registered in this State; (2) Any fees associated with a lien sale affidavit; and (3) Any applicable taxes pursuant to NRS 372.105 to 372.180 , inclusive; (b) Give to the buyer of the vehicle a lien sale registration certificate to be submitted by the buyer at the time of the registration of the vehicle; and (c) Within 30 days after the lien sale of the vehicle, submit to the Department: (1) A completed lien sale affidavit; (2) A copy of the notice of a lien required pursuant to NRS 108.272 ; (3) The fees and taxes collected pursuant to paragraph (a); and (4) Any other required documents relating to the lien sale of the vehicle. 2. A lien sale affidavit and lien sale registration certificate must be on a form prescribed by the Department and must include, without limitation: (a) A description of the vehicle, including, without limitation: (1) Whether the vehicle meets any of the definitions set forth in NRS 482.098 , 482.100 , 487.740 , 487.760 , 487.770 or 487.790 ; and (2) Whether the vehicle has sustained damage to more than 50 percent of the vehicle’s exterior due to accident, flood or fire; (b) The name and address of the lien claimant; (c) The name and address of the buyer of the vehicle; and (d) The name and address of any party with a security interest in the vehicle at the time of the lien sale. (Added to NAC by Dep’t of Motor Veh. by R116-05, eff. 12-29-2005)