Nevada § 482.3167 - Bond: Filing; form; deposit in lieu of bond
Full text of Nevada Nevada Revised Statutes § 482.3167 — Bond: Filing; form; deposit in lieu of bond, with citation guidance and answers to common questions.
§ 482.3167. Bond: Filing; form; deposit in lieu of bond
1. Before any license as a vehicle transporter is issued or special license plate
is assigned, the applicant shall procure and file with the Department a good and sufficient
bond in the amount of $100,000 with a corporate surety thereon, licensed to do business
within the State of Nevada, approved as to form by the Attorney General, and conditioned
that the applicant shall conduct business as a vehicle transporter without fraud or
fraudulent representation, and without violation of the provisions of this chapter. 2. The bond must be continuous in form and the total aggregate liability on the bond
must be limited to the payment of the total amount of the bond, but in no case may
the amount of any judgment in an action on such a bond exceed the retail value of
any vehicle in connection with which the action was brought. 3. The undertaking on the bond includes any fraud or fraudulent representation or
violation of any of the provisions of this chapter by any employee of the licensee
on behalf of the licensee and within the scope of his or her employment. 4. The bond must provide that any person injured by the action of the licensee or
an employee of the licensee in violation of any provisions of this chapter may apply
to the Director for compensation from the bond. The Director, for good cause shown and after notice and opportunity for hearing, may
determine the amount of compensation and the person to whom it is to be paid. The surety shall then make the payment. 5. In lieu of the bond required by this section, an applicant may make a deposit with
the Department that satisfies the requirements of NRS 482.346 .
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 482.3167
What does Nevada Revised Statutes § 482.3167 cover?
Section 482.3167 ("Bond: Filing; form; deposit in lieu of bond") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 482.3167?
A common citation format is "Nevada Revised Statutes § 482.3167" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 482.3167 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.