Transfer of interest in motor vehicle: Transferor to disclose information relating to status of vehicle as salvage vehicle; additional duties of transferor; criminal penalty.
1. Any person who transfers an interest in a motor vehicle in this State shall, before the transfer, disclose in writing to the transferee any information that the transferor knows or reasonably should know concerning whether the vehicle is a salvage vehicle.
2. If the transferor is subject to any of the provisions of NRS 482.423 to 482.4245, inclusive, the transferor shall:
(a) Make the disclosure required by subsection 1 before executing a contract of sale or a long-term lease;
(b) Provide a copy of the disclosure to the transferee; and
(c) Retain the written disclosure in his records for the period specified in NRS 482.3263.
3. A person who violates subsection 1 is guilty of obtaining property by false pretenses as provided in NRS 205.380.
Last modified: February 25, 2006