NRS 244.348: Pawnbrokers: Additional license required to use motor vehicle as collateral for loan; fee for additional license.
Where this section sits in the code
- TITLE 20 — COUNTIES AND TOWNSHIPS: FORMATION, GOVERNMENT AND OFFICERS
- CHAPTER 244 - COUNTIES: GOVERNMENT
- REGULATION, TAXATION AND LICENSING OF BUSINESSES AND OCCUPATIONS
1. If the board of county commissioners requires a license to engage in business as a pawnbroker, it shall also require an additional license if the pawnbroker accepts motor vehicles as pledged property or in any other manner allows the use of a motor vehicle as collateral for a loan. A license authorizing a pawnbroker to accept motor vehicles as pledged property must not be issued to a person who does not have a license to engage in business as a pawnbroker.
2. The board shall charge and collect an additional fee of not more than $500 for each license authorizing a pawnbroker to accept motor vehicles as pledged property, and shall issue the license upon payment of the prescribed fee.
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