269.182 - Pawnbrokers: Licensing; additional license required if motor vehicles accepted as collateral; fee. - Nevada Statutes

269.182  Pawnbrokers: Licensing; additional license required if motor vehicles accepted as collateral; fee.

      1.  If the town board or board of county commissioners requires a license to engage in business as a pawnbroker in an unincorporated town, 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.

      (Added to NRS by 1993, 2324)