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Nevada Revised Statutes Title 43. Public Safety; Vehicles; Watercraft § 489.4971. Persons who may file claim against licensee; satisfaction of claim; fees for licensure and renewal; payments; service of copy of complaint upon commencement of action

Current as of January 01, 2025 | Updated by Findlaw Staff

1. Any person who entered into an agreement for the sale, purchase, lease, distribution, alteration, repair, remodeling or manufacture of a manufactured home, mobile home, manufactured building or commercial coach or factory-built housing may file a claim against a person licensed pursuant to the provisions of this chapter. Such a claim may be satisfied by the Account.

2. Upon the issuance or renewal of the following licenses by the Division, the licensee must pay, in addition to the original or renewal license fee, a fee:

(a) For a dealer's, distributor's or manufacturer's original license, or for any original limited dealer's license which authorizes a limited dealer to act as a repossessor or liquidator, of $1,000.

(b) For a dealer's, distributor's or manufacturer's renewal license, or a renewal of any limited dealer's license which authorizes a limited dealer to act as a repossessor or liquidator, of $600.

(c) For an original or renewal license for:

(1) A general serviceperson or specialty serviceperson, of $150.

(2) A salesperson, of $75.

(3) A responsible managing employee, of $100.

Except as otherwise provided in NRS 489.265, fees collected pursuant to this section must be deposited in the State Treasury for credit to the Account.

3. A payment from the Account to satisfy the claim of a person specified in subsection 1 against a person who is licensed pursuant to this chapter must be made only upon an appropriate court order that is issued in an action for fraud, misrepresentation or deceit relating to an act for which a license is required pursuant to this chapter.

4. If a person specified in subsection 1 commences an action specified in subsection 3 against a person who is licensed pursuant to this chapter, the person specified in subsection 1 must serve a copy of the complaint upon the Administrator within 30 days after the action is commenced.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 43. Public Safety; Vehicles; Watercraft § 489.4971. Persons who may file claim against licensee; satisfaction of claim; fees for licensure and renewal; payments; service of copy of complaint upon commencement of action - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-43-public-safety-vehicles-watercraft/nv-rev-st-489-4971/

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