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Nevada Revised Statutes Title 20. Counties and Townships: Formation, Government and Officers § 244.348. Pawnbrokers:  Additional license required to use motor vehicle as collateral for loan;  fee for additional license

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1. If the board of county commissioners requires a license to engage in business as a pawnbroker, it shall also require an additional license if the pawnbroker accepts motor vehicles as pledged property or in any other manner allows the use of a motor vehicle as collateral for a loan. A license authorizing a pawnbroker to accept motor vehicles as pledged property must not be issued to a person who does not have a license to engage in business as a pawnbroker.

2. The board shall charge and collect an additional fee of not more than $500 for each license authorizing a pawnbroker to accept motor vehicles as pledged property, and shall issue the license upon payment of the prescribed fee.

Cite this article: FindLaw.com - Nevada Revised Statutes Title 20. Counties and Townships: Formation, Government and Officers § 244.348. Pawnbrokers:  Additional license required to use motor vehicle as collateral for loan;  fee for additional license - last updated January 01, 2020 | https://codes.findlaw.com/nv/title-20-counties-and-townships-formation-government-and-officers/nv-rev-st-244-348.html


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