NAC482.040. Loaned vehicles: Limitation on number of plates; inscription; fee; expiration and renewal; administrative sanctions; application for additional number of plates.

     1. Except as otherwise provided in subsection 7, the Department will issue not more than 40 special license plates to each licensed dealer or rebuilder pursuant to the provisions of subsection 3 of NRS 482.330.

     2. Each special license plate issued pursuant to the provisions of subsection 1 must be inscribed with the word “LOAN” and include not less than four numbers.

     3. The Department will collect the fee required pursuant to NRS 482.490 for the issuance of each special license plate.

     4. Each special license plate expires on December 31 of each calendar year. A dealer or rebuilder must, before the special license plate expires, submit an application to the Department to renew the special license plate.

     5. Except as otherwise provided in subsection 6, a licensed dealer or rebuilder who is issued a special license plate pursuant to the provisions of this section is subject to administrative sanctions in accordance with the provisions of NRS 482.565 for any use of the special license plate that is not authorized by NAC 482.042 or 482.0425.

     6. If a special license plate is lost or stolen, the dealer or rebuilder to whom the special license plate is issued is not subject to administrative sanctions in accordance with the provisions of NRS 482.565 if he or she reports the loss or theft to the Department on the first working day after becoming aware of the loss or theft.

     7. The Department may issue an additional number of special license plates to a dealer or rebuilder who applies for an additional number of special license plates pursuant to subsection 8.

     8. If a dealer or rebuilder has entered into an agreement with a manufacturer of vehicles concerning the sale and service of vehicles which are loaned to customers and that agreement conflicts with the limitation on the number of special license plates that may be issued pursuant to subsection 1, the dealer or rebuilder may apply to the Department to have an additional number of special license plates issued to him or her. The application must be submitted on a form prescribed by the Department and must include:

     (a) A copy of the provision of the agreement that conflicts with the limitation on the number of special license plates set forth in subsection 1;

     (b) The number of special license plates requested pursuant to this subsection;

     (c) A statement justifying the number of special license plates requested pursuant to this subsection which is based on the number of work or service orders issued by the dealer or rebuilder for vehicles of the same make and line as the vehicles which are covered by the agreement;

     (d) A statement signed by the dealer or rebuilder attesting to the fact that any special license plates requested pursuant to this subsection will be used only on new vehicles which are of the same make and line as the vehicles which are covered by the agreement; and

     (e) A description of each vehicle on which a special license plate issued pursuant to this subsection will be displayed, including, without limitation, the year, make, model and vehicle identification number.

     (Added to NAC by Dep’t of Motor Veh. & Pub. Safety, eff. 12-4-96; A by R117-99, 12-13-99; A by Dep’t of Motor Veh. by R143-04, 9-10-2004)