Nevada Revised Statutes 487.815 – Salvage title: Appointment of agent to issue; prerequisites to appointing agent; investigation, auditing and inspection of agent
1. The Department may by contract appoint any person as an agent of the Department to issue those salvage titles which the Department is authorized to issue pursuant to NRS 487.810. An 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.
Terms Used In Nevada Revised Statutes 487.815
- Contract: A legal written agreement that becomes binding when signed.
- Department: means the Department of Motor Vehicles. See Nevada Revised Statutes 481.015
- Director: means the Director of the Department. See Nevada Revised Statutes 481.015
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
2. Before entering into a contract pursuant to subsection 1, the Department must require:
(a) Each natural person who will be authorized to issue a salvage title on behalf of the proposed agent to:
(1) 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; and
(2) 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.
(b) The proposed agent to 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 proposed agent 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 proposed agent 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 an agent appointed pursuant to subsection 1.
(b) Conduct audits of the agent at regular intervals.
(c) Inspect the premises of the agent during regular business hours to determine the agent’s compliance with the contract entered into pursuant to subsection 1. The Department may require the 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 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.