1. Whenever a security interest is created in a motor vehicle, other than a security interest required to be entered pursuant to NRS 482.423, 482.424 or 482.426, the certificate of title of the vehicle must be delivered to the Department with a statement signed by the debtor showing the date of the security agreement, the name and address of the debtor and the name and address of the secured party.
2. The Department shall issue and deliver to the secured party a certificate of title with the name and address of the secured party noted thereon.