482.427 Ā Issuance of certificate of title to buyer, secured party or assignee.

1. Ā Upon receipt of the documents required respectively by NRS 482.423, 482.424 and 482.426 to be submitted to it, and the payment of all required fees, the Department shall issue a certificate of title.

2. Ā If no security interest is created or exists in connection with the sale, the certificate of title must be issued to the buyer.

3. Ā If a security interest is created by the sale, the certificate of title must be issued to the secured party or to his or her assignee.

(Added to NRS by 1967, 130; A 1977, 999; 1979, 1228; 1997, 199; 2003, 465)