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Vegas Law

otherwise acquired for the repair of each vehicle. (Added to NRS by 1987, 1600) NRS 487.690 Penalty. Any person who violates any of the provisions of NRS 487.610 to 487.680, inclusive, is guilty of a misdemeanor. (Added to NRS by 1989, 2043) REPAIRS; REBUILT VEHICLES; SALVAGE VEHICLES; TOTAL LOSS VEHICLES; NONREPAIRABLE VEHICLES NRS 487.710 Definitions. As used in NRS 487.710 to 487.890, inclusive, unless the context otherwise requires, the words and terms defined in NRS 487.720 to 487.790, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 2003, 1908; A 2005, 1244) NRS 487.720 “Cost of repair” defined. “Cost of repair” means the cost to repair a vehicle, which is established pursuant to NRS 487.890. (Added to NRS by 2003, 1909) NRS 487.730 “Fair market value” defined. “Fair market value” means the retail value of a motor vehicle that is established by: 1. An objective motor vehicle appraisal based upon local market resources, including, without limitation, automobile dealers and classified advertisements of newspapers; 2. An independent appraisal service; 3. A current issue of a nationally recognized guide used by financial institutions in this State for the valuation of used motor vehicles; or 4. A computer-based service commonly used by the insurance industry for the valuation of used motor vehicles. (Added to NRS by 2003, 1909) NRS 487.740 “Flood-damaged vehicle” defined. “Flood-damaged vehicle” means a motor vehicle which: 1. Has been submerged in water to a point that the level of the water is higher than the door sill of the vehicle and the water has entered the passenger, trunk or engine compartment of the vehicle and has come into contact with the electrical system of the vehicle; or 2. Has been acquired by an insurance company or retained by its owner or any other person as part of a total loss settlement resulting from water damage. (Added to NRS by 2003, 1909) NRS 487.750 “Motor vehicle” defined. “Motor vehicle” has the meaning ascribed to it in NRS 482.075. (Added to NRS by 2003, 1909) NRS 487.760 “Nonrepairable vehicle” defined. “Nonrepairable vehicle” means a motor vehicle other than an abandoned vehicle, as defined in NRS 487.210, that: 1. Has value only as a source of parts or scrap metal; 2. Has been designated by its owner for dismantling as a source of parts or scrap metal; 3. Has been stripped of all body panels, doors, hatches, substantially all interior components and substantially all grill and light assemblies; or 4. Has been burned, destroyed or otherwise damaged to such an extent that it cannot be returned to a condition which is legal for operation on the highways of this State. (Added to NRS by 2003, 1909) NRS 487.765 “Rebuilt vehicle” defined. “Rebuilt vehicle” has the meaning ascribed to it in paragraph (b) of subsection 1 of NRS 482.098. (Added to NRS by 2005, 1244) NRS 487.770 “Salvage vehicle” defined. “Salvage vehicle” means a motor vehicle that at any time has been declared a total loss vehicle, flood-damaged vehicle, nonrepairable vehicle or had “salvage” or a similar word or designation placed on any title issued for the vehicle. (Added to NRS by 2003, 1909) NRS 487.780 “Title” defined. “Title” means a certificate of title or any other document issued by any state or country indicating the ownership of a motor vehicle. (Added to NRS by 2003, 1909) NRS 487.790 “Total loss vehicle” defined. 1. “Total loss vehicle” means a motor vehicle: (a) Of a type which is subject to registration; and (b) Which has been wrecked, destroyed or otherwise damaged to such an extent that the cost of repair, not including any cost associated with painting any portion of the vehicle, is 65 percent or more of the fair market value of the vehicle immediately before it was wrecked, destroyed or otherwise damaged. 2. The term does not include: (a) A nonrepairable vehicle; (b) A motor vehicle which is 10 model years old or older and which, to restore the vehicle to its condition before it was wrecked, destroyed or otherwise damaged and regardless of cost, requires the replacement of only: (1) The hood; (2) The trunk lid; (3) Two or fewer of the following parts or assemblies, which may be bolted or unbolted: (I) Doors; (II) A grill assembly; (III) A bumper assembly; (IV) A headlight assembly; or (V) A taillight assembly; or (4) Any combination of subparagraph (1), (2) or (3); or (c) A motor vehicle, regardless of the age of the vehicle, for which the cost to repair the vehicle, not including any cost associated with painting any portion of the vehicle, is less than 65 percent of the fair market value of the vehicle immediately before the vehicle was wrecked, destroyed or otherwise damaged. 3. For the purposes of this section, the model year of manufacture is calculated based on a year beginning on January 1 of the calendar year in which the damage occurs. (Added to NRS by 1995, 1573; A 2003, 1911; 2005, 1245) NRS 487.795 Rebuilt vehicles: Prerequisites to registration; certificate of inspection. 1. A rebuilt vehicle may not be registered until it: (a) Has been inspected by a garageman who operates a garage that is registered pursuant to NRS 487.560, by the owner of a body shop licensed pursuant to NRS 487.630 or by an employee of such a garage or body shop; and (b) Is certified pursuant to subsection 2 that the components which have been replaced have been installed properly and are functional and operate safely in accordance with the standards of the manufacturer. 2. If a garageman or owner of a body shop, or an employee thereof, who performs an inspection pursuant to subsection 1 finds that the components replaced on a rebuilt vehicle have been installed properly and are functional and operate safely in accordance with the standards of the manufacturer, the garageman, owner or employee shall complete and sign a certificate of inspection, on a form prescribed by the state agency, attesting to the fact that the replaced components have been installed properly and are functional and operate safely in accordance with the standards of the manufacturer. (Added to NRS by 2005, 1244) NRS 487.800 Salvage vehicles: Duties of insurance company and relinquishing owner; application for salvage title; sale of vehicle; rebuilt and restored vehicles; retention; exclusion of nonrepairable vehicles. 1. Except with respect to a nonrepairable vehicle, when an insurance company acquires a motor vehicle as a result of a settlement in which the motor vehicle is determined to be a salvage vehicle, the owner of the motor vehicle who is relinquishing ownership of the motor vehicle shall endorse the title of the motor vehicle and forward the endorsed title to the insurance company. The insurance company or its authorized agent shall forward the endorsed title, together with an application for salvage title to the state agency within 30 days after receipt of the endorsed title. 2. Except as otherwise provided in subsection 1, before any ownership interest in a salvage vehicle, except a nonrepairable vehicle, may be transferred, the owner or other person to whom the motor vehicle is titled: (a) If the person has possession of the title to the vehicle, shall forward the endorsed title, together with an application for salvage title to the state agency within 30 days after the vehicle becomes a salvage vehicle. (b) If the person does not have possession of the title to the vehicle and the title is held by a lienholder, shall notify the lienholder within

Vegas Law




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