Vehicle taken in trade by off-highway vehicle dealer: Satisfaction of outstanding security interest.

If a licensed off-highway vehicle dealer takes an off-highway vehicle in trade on the purchase of another off-highway vehicle and there is an outstanding security interest, the licensed off-highway vehicle dealer shall satisfy the outstanding security interest within 30 days after the off-highway vehicle is taken in trade on the purchase of the other off-highway vehicle. (Added to NRS by 2009, 3094; A 2011, 292)