Nev. Rev. Stat. § 490.150

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 490.150 - Written consignment contract required before taking off-highway vehicle on consignment; required provisions of contract
1. Before taking an off-highway vehicle on consignment, an off-highway vehicle dealer or lessor shall prepare a written consignment contract.
2. A consignment contract must include, without limitation:
(a) The names of the consignor and consignee;
(b) The date on which the consignment contract was entered into;
(c) A complete description of the off-highway vehicle subject to the consignment contract, including the unique vehicle identification number, serial number or distinguishing number obtained pursuant to NRS 490.0835, and the year, make and model of the off-highway vehicle;
(d) The term of the consignment contract;
(e) The name of each person or business entity holding any security interest in the off-highway vehicle to be consigned;
(f) The minimum sales price for the off-highway vehicle and the disposition of the proceeds therefrom, as agreed upon by the consignor and consignee; and
(g) The signatures of the consignor and consignee acknowledging all the terms and conditions set forth in the consignment contract.

NRS 490.150

Added to NRS by 2009, 3086; A 2011, 292, 812
(Added to NRS by 2009, 3086; A 2011, 292, 812, effective 7/1/2012, or 30 days after the Department of Motor Vehicles publishes on its website a statement that it has completed the preparatory tasks that are necessary to begin registration of off)-(highway vehicles, whichever is sooner)