Section 482.755 - Bond or deposit: Disbursement; release; refundA bond which is filed or a deposit which is made with the Department pursuant to NAC 482.745 may be:
1. Disbursed by the Director, for good cause shown and after notice and hearing, in an amount determined by the Director to compensate a person injured by an action of the authorized inspection station or authorized station, or an employee or agent of such a station.2. Released by the Director upon the receipt by the Department of a statement that:(a) Is signed by a person under whose name the bond or deposit is made;(b) Is acknowledged before any person authorized to take acknowledgments in this State;(c) Requests the Director to release the bond or deposit, or a specified portion thereof; and(d) Sets forth the purpose for which the release of the bond or deposit is requested.3. Refunded by the Director: (a) One year after the date the participation of an authorized inspection station or authorized station in the program terminates if the Director determines that there are no outstanding claims against the bond or deposit; or(b) Pursuant to an order of a court of competent jurisdiction.Nev. Admin. Code § 482.755
Added to NAC by Dep't of Motor Veh. & Pub. Safety by R003-00, eff. 4-3-2000; A by Dep't of Motor Veh. by R052-01, 12-17-2001