Neb. Rev. Stat. § 60-194
View Statute 60-194
No licensed motor vehicle dealer shall have in his or her possession as inventory for sale any used motor vehicle of an age of less than twenty-five years for which the dealer does not have in his or her possession the transferor's statement required by section 60-192 unless a certificate of title has been issued for such motor vehicle in the name of the dealer. Violation of sections 60-190 to 60-196 shall be grounds for suspension or revocation of a motor vehicle dealer's license under the Motor Vehicle Industry Regulation Act.
Laws 2005, LB 276, § 94;
Laws 2010, LB816, § 6.
Motor Vehicle Industry Regulation Act, see section 60-1401 .