Transfer of interest in motor vehicle: Transferor to disclose in writing information as to status of vehicle as salvage, rebuilt or reconstructed; additional duties of transferor; criminal penalty.

1. Any person who transfers an interest in a motor vehicle in this State shall, before the transfer, disclose in writing to the transferee any information that the transferor knows or reasonably should know concerning whether the vehicle is a salvage vehicle, a rebuilt vehicle or a reconstructed vehicle, as that term is defined in NRS 482.100. 2. If the transferor is subject to any of the provisions of NRS 482.423 to 482.4245, inclusive, the transferor shall: (a) Make the disclosure required by subsection 1 before executing a contract of sale or a long-term lease; (b) Provide a copy of the disclosure to the transferee; and (c) Retain the written disclosure in his or her records for the period specified in NRS 482.3263. 3. A person who violates subsection 1 is guilty of obtaining property by false pretenses as provided in NRS 205.380. (Added to NRS by 2003, 1909; A 2007, 3415)