1.  Upon receipt of the documents required respectively by NRS 482.423, 482.424 and 482.426 to be submitted to it, and the payment of all required fees, the Department shall issue a certificate of title.

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2.  If no security interest is created or exists in connection with the sale, the certificate of title must be issued to the buyer.

3.  If a security interest is created by the sale, the certificate of title must be issued to the secured party or to his or her assignee.