60-375 Operation of vehicle without registration; finance company; repossession plates; fee. - Nebraska Statutes

60-375. Operation of vehicle without registration;finance company; repossession plates; fee.(1) A financecompany which is licensed to do business in this state may, in lieu of registeringeach motor vehicle or trailer repossessed, upon the payment of a fee of tendollars, make an application to the department for a repossession registrationcertificate and one repossession license plate. Additional pairs of repossessioncertificates and repossession license plates may be procured for a fee often dollars each. Repossession license plates may be used only for operatingor towing motor vehicles or trailers on the highways for the purpose of repossession,demonstration, and disposal of such motor vehicles or trailers. The repossessioncertificate shall be displayed on demand for any motor vehicle or trailerwhich has a repossession license plate. A finance company shall be entitledto a dealer license plate only in the event such company is licensed as amotor vehicle dealer or trailer dealer under theMotor Vehicle Industry Regulation Act.(2) Repossession license plates shall be prefixed with a large letterR and be serially numbered from 1 to distinguish them from each other. Suchlicense plates shall be displayed only on the rear of a repossessed motorvehicle or trailer. SourceLaws 2005, LB 274, § 75; Laws 2010, LB816, § 8. Cross ReferencesMotor Vehicle Industry Regulation Act, see section 60-1401.