1.  Whenever a security interest is created in a motor vehicle, other than a security interest required to be entered pursuant to NRS 482.423, 482.424 or 482.426, the certificate of title of the vehicle must be delivered to the Department with a statement signed by the debtor showing the date of the security agreement, the name and address of the debtor and the name and address of the secured party.

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2.  The Department shall issue and deliver to the secured party a certificate of title with the name and address of the secured party noted thereon.