NRS 487.730
“Fair market value” defined.

“Fair market value” means the retail value of a motor vehicle that is established by:


An objective motor vehicle appraisal based upon local market resources, including, without limitation, automobile dealers and classified advertisements of newspapers;


An independent appraisal service;


A current issue of a nationally recognized guide used by financial institutions in this State for the valuation of used motor vehicles; or


A computer-based service commonly used by the insurance industry for the valuation of used motor vehicles.

Source: Section 487.730 — “Fair market value” defined., https://www.­leg.­state.­nv.­us/NRS/NRS-487.­html#NRS487Sec730.

Last Updated

Jun. 24, 2021

§ 487.730’s source at nv​.us