NAC490.505. Endorsement of certificate of title upon transfer; registration and payment of fees by transferee; exceptions.

     1. Except as otherwise provided in this section and NAC 490.435, upon a transfer of the title to or the interest of an owner in an off-highway vehicle registered or issued a certificate of title pursuant to the provisions of this chapter and chapter 490 of NRS, each person whose title or interest is to be transferred and the transferee shall write his or her signature with pen and ink upon the certificate of title issued for the off-highway vehicle, together with the residence address of the transferee, in the appropriate spaces provided upon the certificate.

     2. If the transferee is an off-highway vehicle dealer who intends to resell the off-highway vehicle, the off-highway vehicle dealer is not required to obtain a registration decal or pay a fee for the transfer.

     3. If the transferee consigns the off-highway vehicle to a wholesale off-highway vehicle auctioneer:

     (a) The transferee shall, within 30 days after the consignment, provide the wholesale off-highway vehicle auctioneer with the certificate of title for the off-highway vehicle, executed pursuant to subsection 1, and any other document required to obtain another certificate of title for the off-highway vehicle.

     (b) The wholesale off-highway vehicle auctioneer shall be deemed a transferee of the off-highway vehicle for the purpose of subsection 2. The wholesale off-highway vehicle auctioneer is not required to comply with the provisions of subsection 1 if he or she:

          (1) Does not take an ownership interest in the off-highway vehicle;

          (2) Auctions the off-highway vehicle to an off-highway vehicle dealer; and

          (3) Stamps his or her name, his or her license number as an off-highway vehicle dealer and the date of the auction on the certificate of title, bill of sale and any other document of transfer for the off-highway vehicle.

     4. A charitable organization that intends to sell an off-highway vehicle which is donated to the charitable organization is not required to register or pay a fee for a registration decal for the off-highway vehicle. When the off-highway vehicle is sold by the charitable organization, the purchaser shall apply for a registration decal as provided in NAC 490.400.

     5. As used in this section, “wholesale off-highway vehicle auctioneer” means an off-highway vehicle dealer who:

     (a) Is engaged in the business of auctioning consigned off-highway vehicles to off-highway vehicle dealers who are licensed pursuant to this chapter and chapter 490 of NRS or in another state; and

     (b) Does not, in the ordinary course of that business, buy, sell or own any off-highway vehicle he or she auctions.

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