Nev. Admin. Code § 490.355

Current through November 25, 2024

Section 490.355 - Obtaining duplicate certificate of title to use as security with intent to defraud prohibited

An off-highway vehicle dealer or any other person shall not, with the intent to defraud, obtain a duplicate certificate of title for any off-highway vehicle in which he or she grants a security interest to secure a present or future debt, obligation or liability of any nature arising from a loan or other extension of credit made in connection with the financing of the inventory of the off-highway vehicles of the off-highway vehicle dealer, or engage in any other similar practice commonly known as "flooring."

Added to NAC by Dep't of Motor Veh. by R130-11, 6-29-2012, eff. 7-1-2012

NRS 481.051, 490.066