NAC482.745. Bond or deposit: General requirements and conditions.

     1. Except as otherwise provided in subsection 2, before an authorized inspection station or authorized station that is selected to participate in the program may renew a certificate of registration for a motor vehicle, the authorized inspection station or authorized station must obtain and file with the Department a good and sufficient bond in an amount of $10,000 subject to the condition that the station conduct its business as an authorized inspection station or authorized station in the program without fraud or fraudulent representation and without violating any of the provisions of chapter 445B, 482, 597 or 598 of NRS or NAC 482.700 to 482.765, inclusive. Each bond must have a corporate surety thereon that is licensed to do business within this State and must be approved as to form by the Attorney General.

     2. In lieu of filing a bond, an authorized inspection station or authorized station may place on deposit with the Department an amount equal to $10,000 in the form of:

     (a) Cash;

     (b) A bond issued by the United States; or

     (c) A savings certificate.

     3. A deposit placed with the Department pursuant to subsection 2 must be:

     (a) Subject to the condition that the authorized inspection station or authorized station conduct its business as an authorized inspection station or authorized station in the program without fraud or fraudulent representation and without violating any of the provisions of chapter 445B, 482, 597 or 598 of NRS or NAC 482.700 to 482.765, inclusive; and

     (b) Available for withdrawal only upon the order of the Department.

     4. The Department will require an increase in the amount of the bond or deposit of an authorized inspection station or authorized station if the Department deems it to be necessary and in the public interest.

     5. The undertaking in the bond or deposit must include, without limitation, any fraud or fraudulent representation or violation of any of the provisions of chapter 445B, 482, 597 or 598 of NRS or NAC 482.700 to 482.765, inclusive, by any employee or agent of the authorized inspection station or authorized station.

     6. The bond or deposit must provide that any person injured by an action of the authorized inspection station or authorized station, or an employee or agent of such a station, in violation of any of the provisions of chapter 445B, 482, 597 or 598 of NRS or NAC 482.700 to 482.765, inclusive, may bring an action on the bond.

     7. Any money received by the Department pursuant to this section will be deposited with the State Treasurer for credit to the Motor Vehicle Fund.

     (Added to NAC by Dep’t of Motor Veh. & Pub. Safety by R003-00, eff. 4-3-2000; A by Dep’t of Motor Veh. by R052-01, 12-17-2001)