NRS 482.438
Obtaining duplicate certificate of title to use as security with intent to defraud prohibited

penalties.

1.

It is unlawful for a dealer or any other person, with the intent to defraud, to obtain a duplicate certificate of title for any vehicle in which the dealer or other person grants a security interest to secure a present or future debt, obligation or liability of any nature arising from a loan or other extension of credit made in connection with the financing of the inventory of the vehicles of the dealer, or to engage in any other similar practice commonly known as “flooring.”

2.

A person who violates the provisions of subsection 1 shall be punished in accordance with the provisions of NRS 205.380.

3.

In addition to any penalty imposed pursuant to subsection 2, the court shall order the person to pay restitution.

IDENTIFICATION OF TRIMOBILES

Source: Section 482.438 — Obtaining duplicate certificate of title to use as security with intent to defraud prohibited; penalties., https://www.leg.state.nv.us/NRS/NRS-482.html#NRS482Sec438.

482.423
Sale of new vehicle: Duties of seller 482.424
Sale of used or rebuilt vehicle: Duties of seller 482.426
Sale of used or rebuilt vehicle by person not dealer or rebuilder: Duties 482.427
Issuance of certificate of title to buyer, secured party or assignee. 482.428
Issuance of certificates of title to certain secured parties. 482.429
Fees. 482.431
Delivery of certificate of title following performance of terms of contract or security agreement 482.432
Applicable statutory provisions for perfection and release of security interest. 482.433
Inapplicability of certain provisions to security interests in certain vehicles. 482.434
Effect of action or failure to act by Department or its officers or employees. 482.436
Unlawful acts 482.438
Obtaining duplicate certificate of title to use as security with intent to defraud prohibited 482.4235
Lease of new vehicle pursuant to long-term lease: Duties of long-term lessor 482.4245
Lease of used or rebuilt vehicle pursuant to long-term lease: Duties of long-term lessor 482.4247
Temporary placards issued by Department 482.4285
Electronic lien system for notification and release of security interests: Duties of Department

Last Updated

Jun. 24, 2021

§ 482.438’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_482.438

Original Source: Section 482.438 — Obtaining duplicate certificate of title to use as security with intent to defraud prohibited; penalties., https://www.leg.state.nv.us/NRS/NRS-482.html#NRS482Sec438 (last accessed Jun. 24, 2021).