NRS 490.150 Written consignment contract required before taking off-highway vehicle on consignment; required provisions of contract.
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NRS 490.150 Written consignment contract required before taking off-highway vehicle on consignment; required provisions of contract.
1. Before taking an off-highway vehicle on consignment, an off-highway vehicle dealer or lessor shall prepare a written consignment contract.
2. A consignment contract must include, without limitation:
(a)The names of the consignor and consignee;
(b)The date on which the consignment contract was entered into;
(c)A complete description of the off-highway vehicle subject to the consignment contract, including the unique vehicle identification number, serial number or distinguishing number obtained pursuant to NRS 490.0835 , and the year, make and model of the off-highway vehicle;
(d)The term of the consignment contract;
(e)The name of each person or business entity holding any security interest in the off-highway vehicle to be consigned;
(f)The minimum sales price for the off-highway vehicle and the disposition of the proceeds therefrom, as agreed upon by the consignor and consignee; and
(g)The signatures of the consignor and consignee acknowledging all the terms and conditions set forth in the consignment contract.