205.340 - Sale or creation of security interest in personal property subject to security interest or lien without informing purchaser or secured party. - Nevada Statutes

205.340  Sale or creation of security interest in personal property subject to security interest or lien without informing purchaser or secured party.  Every person who shall sell or create a security interest in any personal property which is at the time subject to a security interest or upon which any lien has been or may lawfully be filed, without informing the purchaser or secured party before the payment of the purchase price or money loaned of the several amounts of all such security interests and liens known to the seller or debtor, shall be deemed to have made a false representation and shall, where no other punishment is prescribed, be punished as for a gross misdemeanor.

      [1911 C&P § 434; RL § 6699; NCL § 10386]—(NRS A 1965, 928)