NAC482.684. Duties of and restrictions on participants.

A new vehicle dealer who participates in the program:

     1. Shall:

     (a) Maintain the records relating to the program for a period of not less than 3 years.

     (b) Authorize the Department or any person designated by the Department to conduct audits of the records relating to the program:

          (1) Within 3 months after the new vehicle dealer begins issuing certificates of registration;

          (2) At least once every 12 months after completion of the initial audit; and

          (3) At any other time requested by the Department.

     (c) Establish and maintain a separate account in a financial institution in this State for depositing the money collected for the issuance of certificates of registration. The money in the account must not be used to pay any expenses of the new vehicle dealer participating in the program.

     (d) Pay to the Department, at an office designated by the Department or in an account designated by the Department, the amount of money collected for the issuance of certificates of registration:

          (1) Not less than once each week; or

          (2) If $10,000 or more is collected by the new vehicle dealer during 1 day, not later than the end of the next business day.

     (e) Maintain and restrict access to a secure area on the premises of the new vehicle dealer for the storage of documents, forms and other supplies provided by the Department for the program.

     2. Shall not:

     (a) Issue a certificate of registration for a motor vehicle:

          (1) For which an exemption from the governmental services tax set forth in NRS 371.103 or 371.104 is claimed; or

          (2) That includes a change of name.

     (b) Employ a person to issue a certificate of registration for a motor vehicle who has not completed a course of training provided by the Department and received a certificate of completion for the course from the Department.

     (c) Use or authorize an employee to use:

          (1) False, deceptive or misleading advertising to induce a person to register with the new vehicle dealer a motor vehicle purchased from the new vehicle dealer; or

          (2) The name of the Department or the State Seal in any advertisement for the sale or registration of a vehicle, unless authorized by the Department.

     (Added to NAC by Dep’t of Motor Veh. by R011-08, eff. 6-17-2008)