ducted satisfactorily for the preceding 5 years, but no bond may be in an amount less than $1,000. 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 operator of the body shop in violation of any of the provisions of NRS 487.035, 487.600 to 487.690, inclusive, and 597.480 to 597.590, 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 operator of a body shop 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) An order of a court requiring the Director to release all or a specified portion of the deposit; or (b) A statement signed by the person under 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 of a court 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 1987, 1598; A 1989, 2043; 1993, 2347; 1999, 1505) NRS 487.650 Denial, suspension or revocation of license or refusal to renew: Grounds; disclosure of financial records. 1. The Department may refuse to issue a license or, after notice and hearing, may suspend, revoke or refuse to renew a license to operate a body shop upon any of the following grounds: (a) Failure of the applicant or licensee to have or maintain an established place of business in this State. (b) Conviction of the applicant or licensee or an employee of the applicant or licensee of a felony, or of a misdemeanor or gross misdemeanor for a violation of a provision of this chapter. (c) Any material misstatement in the application for the license. (d) Willful failure of the applicant or licensee to comply with the motor vehicle laws of this State and NRS 487.035, 487.610 to 487.690, inclusive, or 597.480 to 597.590, inclusive. (e) Failure or refusal by the licensee to pay or otherwise discharge any final judgment against him arising out of the operation of the body shop. (f) Failure or refusal to provide to the Department an authorization for the disclosure of financial records for the business as required pursuant to subsection 2. (g) A finding of guilt by a court of competent jurisdiction in a case involving a fraudulent inspection, purchase, sale or transfer of a salvage vehicle by the applicant or licensee or an employee of the applicant or licensee. (h) An improper, careless or negligent inspection of a salvage vehicle pursuant to NRS 487.800 by the applicant or licensee or an employee of the applicant or licensee. (i) A false statement of material fact in a certification of a salvage vehicle pursuant to NRS 487.800 or a record regarding a salvage vehicle by the applicant or licensee or an employee of the applicant or licensee. 2. Upon the receipt of any report or complaint alleging that an applicant or a licensee has engaged in financial misconduct or has failed to satisfy financial obligations related to the operation of a body shop, the Department may require the applicant or licensee to submit to the Department an authorization for the disclosure of financial records for the business as provided in NRS 239A.090. The Department may use any information obtained pursuant to such an authorization only to determine the suitability of the applicant or licensee for initial or continued licensure. Information obtained pursuant to such an authorization may be disclosed only to those employees of the Department who are authorized to issue a license to an applicant pursuant to NRS 487.610 to 487.690, inclusive, or to determine the suitability of an applicant or a licensee for such licensure. 3. As used in this section, “salvage vehicle” has the meaning ascribed to it in NRS 487.770. (Added to NRS by 1987, 1599; A 1989, 2045; 1997, 148; 2003, 1919) NRS 487.660 Temporary suspension of license or refusal to renew. If the Director finds that the action is necessary in the public interest, upon notice to the licensee, he may temporarily suspend or refuse to renew the license to operate a body shop for not more than 30 days. The Department shall conduct a hearing and issue a final decision on the matter within 30 days after it sends notice to the licensee of the temporary suspension. (Added to NRS by 1987, 1599) NRS 487.670 Subpoenas. In any hearing conducted by the Department concerning the licensing of body shops, the Director may issue subpoenas for the attendance of witnesses and the production of evidence. (Added to NRS by 1987, 1600) NRS 487.680 Licensee to inform Department of changes concerning operation of body shop; books and records. 1. Any person licensed to operate a body shop shall inform the Department of the location of each place at which he conducts his business and the name under which he does business at each location. 2. If a licensee does business at more than one location, he shall designate one location as his principal place of business. 3. If a licensee changes the name or location of any of his established places of business, he shall notify the Department of the change within 10 days after the change. 4. Every licensee shall keep his books and records at his principal place of business and shall permit any authorized agent of the Director to inspect them during usual business hours. The records must include the year, make, model and identification number of each motor vehicle which the body shop repairs, and the source of the parts purchased or

Vegas Law