Issuance of certificate of title to buyer, secured party or assignee
Applied in 1 court decision — leading case Bill Stremmel Motors, Inc. v. First National Bank of Nevada (1978)
Most recently applied in Bill Stremmel Motors, Inc. v. First National Bank of Nevada (March 1978)
(Added to NRS by 1967, 130; A 1977, 999; 1979, 1228; 1997, 199; 2003, 465)
1. Upon receipt of the documents required respectively by NRS 482.423, 482.424 and 482.426 to be submitted to it, and the payment of all required fees, the Department shall issue a certificate of title.
2. If no security interest is created or exists in connection with the sale, the certificate of title must be issued to the buyer.
3. If a security interest is created by the sale, the certificate of title must be issued to the secured party or to his or her assignee.
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.