Nevada Statutes

§ 487.730 — “Fair market value” defined

Nevada § 487.730

JurisdictionNevada

Title 43PUBLIC SAFETY; VEHICLES; WATERCRAFT

Ch. 487Repair,

REPAIRS; REBUILT VEHICLES; SALVAGE VEHICLES; TOTAL LOSS VEHICLES; NONREPAIRABLE VEHICLES

This text of Nevada § 487.730 (“Fair market value” defined) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 487.730 (2026).

Text

“Fair market value” means the retail value of a motor vehicle that is established by:

1.An objective motor vehicle appraisal based upon local market resources, including, without limitation, automobile dealers and classified advertisements of newspapers;

2.An independent appraisal service;

3.A current issue of a nationally recognized guide used by financial institutions in this State for the valuation of used motor vehicles; or

4.A computer-based service commonly used by the insurance industry for the valuation of used motor vehicles.

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“Fair market value” means the retail value of a motor vehicle that is established by:
1. An objective motor vehicle appraisal based upon local market resources, including, without limitation, automobile dealers and classified advertisements of newspapers;
2. An independent appraisal service;
3. A current issue of a nationally recognized guide used by financial institutions in this State for the valuation of used motor vehicles; or
4. A computer-based service commonly used by the insurance industry for the valuation of used motor vehicles.

Legislative History

(Added to NRS by 2003, 1909 )

Nearby Sections

15

§ 487.001

Applicability of chapter to mobile homes

§ 487.002

Advisory Board on Automotive Affairs: Creation; members; terms; officers; meetings; expenses; duties

§ 487.003

Licenses issued pursuant to chapter: Submission of statement by applicant regarding payment of child support; grounds for denial of license; duty of Department. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]

§ 487.005

Suspension of license issued pursuant to chapter for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of license. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]

§ 487.006

Department to develop and implement process for determining whether person’s criminal history will disqualify person from obtaining a license pursuant to chapter; fee; quarterly reports

§ 487.007

“State agency” defined

§ 487.010

Report of vehicles stored or parked to sheriff, police or state agency; duties of operator of tow car

§ 487.020

Report of vehicle showing damage by gunfire

§ 487.030

Penalty for violation of NRS 487.010 or 487.020

§ 487.037

Unlawful towing and removal of vehicle from facility for parking; reports to sheriff or police

§ 487.038

Authority of owner or person in lawful possession of real property to have towed therefrom vehicle parked in unauthorized manner: Oral notice to local law enforcement agency required; exceptions to authority to tow; residential real property; costs to be borne by owner of vehicle; other rights and remedies; voluntary payment to tow operator for abandoned vehicle

§ 487.0385

Authority of owner or person in lawful possession of certain parking structures to immobilize vehicle parked in unauthorized manner: Required sign; exceptions to authority; costs to be borne by owner of vehicle

§ 487.039

Vehicle towed from or immobilized in facility for parking or at direction of owner or person in lawful possession of real property: Owner of vehicle authorized to file complaint for expedited relief to determine whether towing or immobilization lawful; requirements of complaint; limitation; hearing; order of court; operator of facility for storage of towed vehicles to display sign

§ 487.047

“Automobile wrecker” and “wrecker” defined

§ 487.050

Unlawful to dismantle, scrap, process or wreck vehicle without license; application for license; submission of fingerprints; fees for processing fingerprints and issuance of license. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]

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Nevada § 487.730, Counsel Stack Legal Research, https://law.counselstack.com/statute/nv/487.730.