Nevada Revised Statutes Title 58. Energy; Public Utilities and Similar Entities § 706.611. Priority of lien

1. The lien shall not be enforceable against any vehicle which was transferred in good faith to a bona fide transferee before physical possession of the vehicle was taken by the State of Nevada pursuant to the lien.

2. The lien shall be subordinate to any lien of indebtedness secured by a security agreement which existed against a vehicle prior to the time when the lien provided by NRS 706.601 attached to such vehicle if:

3. Notwithstanding the provisions of subsection 2, the lien provided by NRS 706.601 shall be enforceable as to any equity which may remain in a vehicle subject to such lien after the encumbrance of any security interest has been removed by repossession and sale of such vehicle by the secured party, but no such sale, either public or private, may be had unless such secured party has served, by registered or certified mail, at least 5 days prior to the date set for sale, notice upon the Director of the Department of the time and place of such sale. The Department shall notify the secured party, if the name of the secured party is known to the Department, at the time the lien attaches to any vehicle, or as soon thereafter as the Department learns that the lien has attached.