Nevada Revised Statutes Title 43. Public Safety; Vehicles; Watercraft § 482.4235. Lease of new vehicle pursuant to long-term lease: Duties of long-term lessor; temporary placards; completion of long-term lessor’s report of lease and furnishing of copy of information included therein

1. If a new vehicle is leased in this State by a long-term lessor, the long-term lessor shall complete and submit to the Department a manufacturer's certificate of origin or a manufacturer's statement of origin, and transmit electronically to the Department a long-term lessor's report of lease. Such a report must be transmitted electronically to the Department in the manner required by the Department and must include:

2. Unless an extension of time is granted by the Department, the long-term lessor shall, within 20 days after the electronic transmission to the Department of the long-term lessor's report of lease:

3. Upon entering into a lease or written agreement to lease for a new vehicle, the long-term lessor shall affix a temporary placard to the rear of the vehicle. Only one temporary placard may be issued for the vehicle. The temporary placard must:

4. Compliance with the requirements of subsection 3 permits the vehicle to be operated for a period not to exceed 30 days after the execution of a written agreement to lease or the lease, whichever occurs first. Upon issuance of the certificate of registration and license plates for the vehicle or the expiration of the temporary placard, whichever occurs first, the long-term lessee shall remove the temporary placard from the rear of the vehicle.

5. For the purposes of establishing compliance with the period required by subsection 2, the Department shall use the date on which the long-term lessor's report of lease was transmitted electronically to the Department as the beginning date of the 20-day period.

6. Upon executing all the documents necessary to complete the lease of the vehicle, including, without limitation, the financial documents, the long-term lessor shall complete the long-term lessor's report of lease and furnish a copy of the information included therein to the long-term lessee not less than 10 days before the expiration of the temporary placard.