646.045 - Retention and removal of motor vehicles received in pledge. - Nevada Statutes

646.045  Retention and removal of motor vehicles received in pledge.

      1.  A pawnbroker who receives a motor vehicle in pledge as security for a loan pursuant to NRS 646.050 may remove the motor vehicle from his or her place of business to a place used by the pawnbroker for the storage of motor vehicles received in pledge.

      2.  The pawnbroker:

      (a) Shall hold the motor vehicle at the place of storage for the same period that personal property must be held at his or her place of business pursuant to this chapter; and

      (b) May only remove the motor vehicle from the place of storage under the same conditions that personal property may be removed from his or her place of business pursuant to this chapter.

      (Added to NRS by 1997, 2546)