Nevada Revised Statutes 482.520 – Action by Department on reports of stolen, embezzled and recovered vehicles
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Whenever the owner of any motor vehicle, trailer or semitrailer which is stolen or embezzled files an affidavit alleging such fact with the Department, it shall immediately suspend the registration of and refuse to reregister such vehicle until such time as it is notified that the owner has recovered the vehicle, but notices given as herein provided shall be effective only during the current registration period in which given. If during such period the vehicle is not recovered a new affidavit may be filed with like effect during the ensuing period. Every owner who has filed an affidavit of theft or embezzlement must immediately notify the Department of the recovery of such vehicle.
Terms Used In Nevada Revised Statutes 482.520
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- Department: means the Department of Motor Vehicles. See Nevada Revised Statutes 481.015
- Embezzlement: In most states, embezzlement is defined as theft/larceny of assets (money or property) by a person in a position of trust or responsibility over those assets. Embezzlement typically occurs in the employment and corporate settings. Source: OCC