Assembly Bill No. 547–Committee on Judiciary

March 15, 1999

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Referred to Committee on Judiciary

 

SUMMARY—Revises priority of certain liens acquired for storage, maintenance or repair of motor vehicle, motorcycle, motor equipment, trailer, mobile home or manufactured home. (BDR 9-1089)

FISCAL NOTE: Effect on Local Government: No.

Effect on the State or on Industrial Insurance: No.

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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted. Green numbers along left margin indicate location on the printed bill (e.g., 5-15 indicates page 5, line 15).

 

AN ACT relating to statutory liens; providing that a lien acquired for the storage, maintenance or repair of a motor vehicle, motorcycle, motor equipment, trailer, mobile home or manufactured home that is the subject of a secured transaction pursuant to the laws of this state is a first lien in the priority of liens; and providing other matters properly relating thereto.

 

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

1-1 Section 1. NRS 108.290 is hereby amended to read as follows:

1-2 108.290 1. If property that is the subject of a lien which is acquired

1-3 as provided in NRS 108.270 to 108.360, inclusive, is the subject of a

1-4 secured transaction in accordance with the laws of this state, the lien:

1-5 (a) In the case of a lien acquired pursuant to paragraph (b) of

1-6 subsection 1 of NRS 108.270 or NRS 108.315, is a first lien; and

1-7 (b) In all other cases, if the amount of the lien:

1-8 (1) Does not exceed $1,000, is a first lien.

1-9 (2) Exceeds $1,000, is a second lien.

1-10 2. The lien of a landlord may not exceed $2,000 or the total amount

1-11 due and unpaid for rentals and utilities, whichever is the lesser.

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