§ 487.815 — Salvage title: Appointment of agent to issue; prerequisites to appointing agent; investigation, auditing and inspection of agent

Nevada § 487.815

• Jurisdiction: Nevada
• Title 43: PUBLIC SAFETY; VEHICLES; WATERCRAFT
• Ch. 487: Repair,

Text

1. The Department may by contract appoint any person as a salvage title agent of the Department to issue those salvage titles which the Department is authorized to issue pursuant to NRS 487.810 . A salvage title agent appointed pursuant to this section shall charge and collect the fee required by NRS 487.810 for the issuance of a salvage title and remit it to the Department. Fees remitted to the Department pursuant to this subsection must be deposited with the State Treasurer for credit to the Revolving Account for the Issuance of Salvage Titles created by NRS 487.825 .
2. Before entering into a contract pursuant to subsection 1, an applicant for appointment as a salvage title agent must:
(a) File with the Department, on a form prescribed by the Department, an application which contains, without limitation, his or her social security number.
(b) Submit to the Department a complete set of his or her fingerprints and written permission authorizing the Department to forward the fingerprints to the Central Repository for Nevada Records of Criminal History for submission to the Federal Bureau of Investigation for its report.
(c) Pay a fee for the processing of fingerprints. The Department shall establish by regulation the fee for processing fingerprints. The fee must not exceed the sum of the amounts charged by the Central Repository for Nevada Records of Criminal History and the Federal Bureau of Investigation for processing the fingerprints.
(d) Procure and file with the Department a good and sufficient bond in an amount of not less than $50,000, with a corporate surety thereon licensed to do business in the State of Nevada, approved as to form by the Attorney General, and conditioned upon the applicant remitting to the Department the full amount of any fee he or she is required to collect pursuant to subsection 1. In lieu of a bond, the applicant may deposit with the State Treasurer a like amount of lawful money of the United States.
3. The Department may, as the Director of the Department deems appropriate:
(a) Investigate the actions of a salvage title agent appointed pursuant to subsection 1.
(b) Conduct audits of the salvage title agent at regular intervals.
(c) Inspect the premises of the salvage title agent during regular business hours to determine the salvage title agent’s compliance with the contract entered into pursuant to subsection 1. The Department may require the salvage title agent to pay to the Department an amount equal to the allowance provided for state officers and employees generally while traveling outside of the State for each day or fraction thereof during which an employee of the Department is engaged in any investigation or examination made at any premises of the salvage title agent located outside this State, plus any other actual expenses incurred by the employee while he or she is absent from his or her regular place of employment to conduct the investigation or examination outside this State.

Legislative History

(Added to NRS by 2021, 7 ; A 2023, 1476 )