siness of that wrecker has been conducted satisfactorily for the preceding 5 years, but no bond may be in an amount less than $5,000. The Department shall make the necessary investigation to determine whether a wrecker licensed in another state has conducted its business satisfactorily. 2. The bond may be continuous in form and the total aggregate liability on the bond must be limited to the payment of the total amount of the bond. 3. The bond must provide that any person injured by the action of the automobile wrecker in violation of any of the provisions of NRS 487.050 to 487.200, inclusive, or 487.710 to 487.890, inclusive, may apply to the Director for compensation from the bond. The Director, for good cause shown and after notice and opportunity for hearing, may determine the amount of compensation and the person to whom it is to be paid. The surety shall then make the payment. 4. In lieu of a bond an automobile wrecker may deposit with the Department, under the terms prescribed by the Department: (a) A like amount of money or bonds of the United States or of the State of Nevada of an actual market value of not less than the amount fixed by the Department; or (b) A savings certificate of a bank, credit union or savings and loan association situated in Nevada, which must indicate an account of an amount equal to the amount of the bond which would otherwise be required by this section and that this amount is unavailable for withdrawal except upon order of the Department. Interest earned on the certificate accrues to the account of the applicant. 5. A deposit made pursuant to subsection 4 may be disbursed by the Director, for good cause shown and after notice and opportunity for hearing, in an amount determined by him to compensate a person injured by an action of the licensee, or released upon receipt of: (a) A court order requiring the Director to release all or a specified portion of the deposit; or (b) A statement signed by the person in whose name the deposit is made and acknowledged before any person authorized to take acknowledgments in this State, requesting the Director to release the deposit, or a specified portion thereof, and stating the purpose for which the release is requested. 6. When a deposit is made pursuant to subsection 4, liability under the deposit is in the amount prescribed by the Department. If the amount of the deposit is reduced or there is an outstanding judgment for which the licensee is liable under the deposit, the license is automatically suspended. The license must be reinstated if the licensee: (a) Files an additional bond pursuant to subsection 1; (b) Restores the deposit with the Department to the original amount required under this section; or (c) Satisfies the outstanding judgment for which he is liable under the deposit. 7. A deposit made pursuant to subsection 4 may be refunded: (a) By order of the Director, 3 years after the date the licensee ceases to be licensed by the Department, if the Director is satisfied that there are no outstanding claims against the deposit; or (b) By order of court, at any time within 3 years after the date the licensee ceases to be licensed by the Department, upon evidence satisfactory to the court that there are no outstanding claims against the deposit. 8. Any money received by the Department pursuant to subsection 4 must be deposited with the State Treasurer for credit to the Motor Vehicle Fund. (Added to NRS by 1963, 838; A 1967, 745; 1977, 646; 1983, 143; 1987, 1601; 1991, 525; 1993, 2344; 1999, 1502; 2003, 1912) NRS 487.070 Issuance and contents of license and card; fee; posting of license; expiration and renewal of license. [Effective until the date of the repeal of the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.] 1. The Department may approve or reject the application. If the Department receives the statement required pursuant to NRS 487.003 and approves the application, it shall issue to the applicant: (a) A license containing the applicant’s name and address, the name under which the business is to be conducted, the business address, and a distinguishing number assigned to the applicant. (b) A card which: (1) Contains the information specified in paragraph (a); (2) Includes a picture of the licensee; and (3) Clearly identifies the holder of the card as a licensed automobile wrecker. 2. A licensee may obtain one or two cards for his business. The Department shall charge a fee of $50 for each card issued. Fees collected by the Department pursuant to this subsection must be deposited with the State Treasurer to the credit of the Account for Regulation of Salvage Pools, Automobile Wreckers, Body Shops and Garages. 3. A licensee shall post the license in a conspicuous place clearly visible to the general public at the business address set forth on the license. 4. A license expires on April 30 of each year. 5. A licensee may renew his license by submitting to the Department: (a) A completed application for renewal upon a form supplied by the Department; (b) The statement required pursuant to NRS 487.003; and (c) The fee for renewal of a license provided in NRS 487.080. (Added to NRS by 1963, 839; A 1987, 1602; 1989, 2023; 1991, 1777; 1997, 145, 1372, 1376, 1516, 2080) NRS 487.070 Issuance and contents of license and card; fee; posting of license; expiration and renewal of license. [Effective on the date of the repeal of the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.] 1. The Department may approve or reject the application and, if approved, shall issue to the applicant: (a) A license containing the applicant’s name and address, the name under which the business is to be conducted, the business address, and a distinguishing number assigned to the applicant. (b) A card which: (1) Contains the information specified in paragraph (a); (2) Includes a picture of the licensee; and (3) Clearly identifies the holder of the card as a licensed automobile wrecker. 2. A licensee may obtain one or two cards for his business. The Department shall charge a fee of $50 for each card issued. Fees collected by the Department pursuant to this subsection must be deposited with the State Treasurer to the credit of the Account for Regulation of Salvage Pools, Automobile Wreckers, Body Shops and Garages. 3. A licensee shall post the license in a conspicuous place clearly visible to the general public at the business address set forth on the license. 4. A license expires on April 30 of each year. 5. A licensee may renew his license by submitting to the Department: (a) A completed application for renewal upon a form supplied by the Department; and (b) The fee for renewal of a license provided in NRS 487.080. (Added to NRS by 1963, 839; A 1987, 1602; 1989, 2023; 1991, 1777; 1997, 145, 1372, 1376, 1516, 2080; 1999, 457, effective on the date of the repeal of the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings) NRS 487.073 Applicant to furnish information concerning place of business. Before issuing a license to a

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