icates. Upon receipt of a properly endorsed certificate of ownership and the certificate of number of any motorboat, the transferee shall within 10 days file the certificates, accompanied by a fee of $20, with the Department and thereby make application for a new certificate of ownership and a new certificate of number. (Added to NRS by 1971, 1376; A 1975, 644; 1985, 1966; 1993, 1649; 2003, 1571, 2554) NRS 488.1797 Requirements for issuance of certificate of ownership. 1. Before the issuance of any certificate of ownership, the Department shall obtain a statement in writing signed by the transferee or transferor, showing: (a) The date of the sale or other transfer of ownership of the motorboat. (b) The name and address of the seller or transferor. (c) The name and address of the buyer or transferee. 2. Upon receipt of: (a) The properly endorsed certificate of ownership; (b) The certificate of number and the required fee; (c) The statement of information; and (d) Proof that the applicable taxes have been paid, the Department shall issue a new certificate of ownership and a new certificate of number to the transferee. The previous number may be reassigned to the transferee. (Added to NRS by 1971, 1376; A 1975, 644; 1985, 1966; 1987, 856; 1993, 1649; 2003, 1571, 2824) NRS 488.1801 Transferor to notify Department of transfer of title or interest. Any owner of any motorboat numbered under this chapter who sells or transfers his title or any interest in the motorboat shall within 10 days notify the Department of the sale or transfer and furnish the following information: 1. The name and address of the legal owner and transferee; and 2. Such description of the motorboat as may be required by the Department. (Added to NRS by 1971, 1376; A 1975, 644; 1985, 1966; 1993, 1649; 2003, 1571) NRS 488.1803 Dealer’s report of sale, lease or other transfer; exception. Any dealer upon transferring by sale, lease or otherwise any motorboat, whether new or used, required to be numbered under this chapter, shall give written notice of the transfer to the Department upon an appropriate form provided by it. The notice must be given within 3 days after the sale, but a dealer need not give the notice when selling or transferring a new unnumbered motorboat to another dealer. (Added to NRS by 1971, 1376; A 1975, 1785; 1985, 1966; 1987, 857; 1993, 1649; 2003, 1572) NRS 488.1805 Interest of registered owner not affected by assignment by legal owner. A legal owner may assign his title or interest in or to any motorboat numbered under this chapter to a person other than the registered owner without the consent of and without affecting the interest of the registered owner. (Added to NRS by 1971, 1377) NRS 488.1807 Endorsement of certificate on transfer by legal owner. Upon transfer of the title or any interest of any legal owner in any motorboat numbered under this chapter, the transferor shall write his signature, and the transferee shall write his signature and address, in the appropriate spaces provided upon the reverse side of the certificate of ownership issued for such motorboat. (Added to NRS by 1971, 1377) NRS 488.181 Endorsement of certificate on transfer by registered owner. Upon transfer of the title or any interest of the registered owner of any motorboat numbered under this chapter, the registered owner shall write his signature and address and the transferee shall write his signature and address in the appropriate spaces provided on the reverse side of the certificate of ownership for such motorboat, and the legal owner shall write his signature in the space provided for the new legal owner indicating that he is to retain his legal title and interest. (Added to NRS by 1971, 1377) NRS 488.1813 Issuance of duplicate certificate on loss, destruction or mutilation of original. 1. If a certificate of ownership is lost, stolen, damaged or mutilated, an application for transfer may be made upon a form provided by the Department for a duplicate certificate of ownership. The transferor shall write his signature and address in the appropriate spaces provided upon the application and file it together with the proper fees for a duplicate certificate of ownership and transfer. 2. The Department may receive the application and examine into the circumstances of the case and may require the filing of affidavits or other information, and when the Department is satisfied that the applicant is entitled to a transfer of ownership, it may transfer the ownership of the motorboat, and issue a new certificate of ownership and certificate of number to the person found to be entitled thereto. (Added to NRS by 1971, 1377; A 1985, 1967; 1993, 1650; 2003, 1572) NRS 488.1815 Failure to endorse or deliver certificate to transferee unlawful. It is unlawful for any person to fail or neglect to deliver the certificate of number and, when having possession, to properly endorse, date and deliver the certificate of ownership to a transferee who is lawfully entitled to a transfer of ownership. (Added to NRS by 1971, 1377) NRS 488.1817 New certificate not required on substitution of security interest between same parties; time limit. If a security interest in any motorboat numbered under this chapter is satisfied, cancelled or released by the registered owner and legal owner of such motorboat, and within a period of 10 days a new security interest covering the vessel is executed between the same parties, no application for transfer of ownership shall be made, no new certificate of ownership or certificate of number shall be issued, and all provisions of this chapter relating to transfers of any title or interest in a motorboat shall be deemed to have been fully complied with. (Added to NRS by 1971, 1377) NRS 488.182 Transfer of ownership not required on pledge of security interest. The transferee of a security interest of any legal owner of any motorboat numbered under this chapter need not make application for transfer of ownership if such security interest arises from a pledge of a security agreement by the legal owner to the pledgee. (Added to NRS by 1971, 1377) NRS 488.1823 Procedure for perfection of security interest. 1. No security interest in any motorboat required to be numbered under this chapter, whether the number was awarded before or after the creation of the security interest, is perfected until the secured party or his successor or assignee has deposited with the Department a properly endorsed certificate of ownership to the motorboat subject to the security interest. 2. The certificate must show the secured party as legal owner if the motorboat is then numbered under this chapter, or if not so numbered, the registered owner shall file an initial application for a certificate of number and for a certificate of ownership and the certificate of ownership issued thereunder must contain the name and address of the legal owner. 3. Upon compliance with subsections 1 and 2, the security interest is perfected and the records of the Department must show the secured party or his successor or assignee as the legal owner of the motorboat. (Added to NRS by 1971, 1377; A 1985, 1967; 1993, 1650; 2003, 1572) NRS 488.1825 Method prescribed for perfecting security interest is exclusive. The method provided in this chapter for perfecting a security interest in any motorboat required to be numbered is exclusive. (Added to NRS by 1971, 1378) NRS 488.1826 Suspension of certificate of number or validation decal for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of certificate of number or validation decal. [Expires by limitation on the date of the repeal of the federal law requiring each state to establish procedures for withholding, suspending and restr

Vegas Law