State Codes and Statutes

Statutes > Nevada > Title-43 > Chapter-487 > Repairs-rebuilt-vehicles-salvage-vehicles-total-loss-vehicles-nonrepairable-vehicles > 487-730

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)

State Codes and Statutes

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)

State Codes and Statutes

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State Codes and Statutes

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)

State Codes and Statutes

State Codes and Statutes

State Codes and Statutes

State Codes and Statutes

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