NAC490.335. Delivery of certificate of title following performance of terms of contract or security agreement; complaint; investigation; administrative fine; request for hearing.

     1. Within 15 days after the terms of a contract or security agreement are fully performed, the seller or other secured party who holds a certificate of title for an off-highway vehicle shall deliver the certificate of title to the person legally entitled thereto, together with evidence of the termination or release of the security interest.

     2. Upon receipt of a written complaint alleging a violation of subsection 1, the Department will conduct an investigation of the alleged violation.

     3. If the Department determines that the seller or other secured party has violated the provisions of subsection 1, the Department will impose an administrative fine of $25 for each day that the seller or other secured party is in violation of those provisions. Any request for a hearing pursuant to NRS 490.510 must be made within 30 days after the Department imposes the administrative fine.

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