Section 487.260 - Disposition of vehicles appraised at value exceeding $500; disposition of junk vehicles; junk certificates; duties of automobile wreckers; maintenance of certain records1. If the vehicle is appraised at a value of more than $500, the state agency or political subdivision shall dispose of it as provided in NRS 487.270.2. If the vehicle is appraised as a junk vehicle, the Department may issue a junk certificate to the automobile wrecker or tow operator who removed the vehicle.3. An automobile wrecker who possesses a junk certificate for a junk vehicle may process the vehicle for parts or scrap metal pursuant to NRS 487.105.4. A vehicle for which a junk certificate has been issued may be sold to an automobile wrecker by the person to whom the junk certificate was issued by the seller's endorsement on the certificate. Except as otherwise provided in subsection 3 of NRS 487.100, an automobile wrecker who purchases a vehicle for which a junk certificate has been issued shall immediately affix the business name of the automobile wrecker as purchaser to the first available space provided on the reverse side of the certificate. For the purposes of this subsection, such an automobile wrecker is the owner of the junk vehicle.5. If insufficient space exists on the reverse side of a junk certificate to transfer the vehicle pursuant to subsection 4, except as otherwise provided in subsection 3 of NRS 487.100, an automobile wrecker who purchases a junk vehicle for which a junk certificate has been previously issued shall, within 10 days after purchase, apply to the Department for a new junk certificate and surrender the original certificate.6. A person who sells a junk vehicle shall maintain, for at least 2 years, a copy of the junk certificate and a record of the name and address of the person from whom the vehicle was acquired and the date thereof. The person shall allow any peace officer or any investigator employed by a state agency to inspect the records during business hours.7. An automobile wrecker who processes a junk vehicle for parts or scrap metal shall maintain records as required by NRS 487.170.8. As used in this section, "junk vehicle" means a vehicle, including component parts, which: (a) Has been discarded or abandoned;(b) Has been ruined, wrecked, dismantled or rendered inoperative;(c) Is unfit for further use in accordance with the original purpose for which it was constructed;(d) Is not registered with the Department or has not been reclaimed by the registered owner or a person having a security interest in the vehicle within 15 days after notification pursuant to NRS 487.250; and(e) Has value principally as scrap which does not exceed $200.Added to NRS by 1967, 1601; A 1973, 974; 1979, 1232; 1987, 1605; 1991, 1675; 1999, 1675; 2007, 3227, 3408; 2011, 1662Added to NRS by 1967, 1601; A 1973, 974; 1979, 1232; 1987, 1605; 1991, 1675; 1999, 1675; 2007, 3227, 3408; 2011, 1662, effective 1/1/2012