In this case, the security agreement from a licensed financial institution can take the place of a title for registration. The institution will submit the title to DMV and become a lienholder through the Electronic Lien and Title system. If the buyer is obtaining outside financing, most financial institutions will require the title. The new title is mailed to the lienholder, who must release the lien once any terms are satisfied. If there is a private arrangement for payments or other interest in the vehicle, anyone may become a lienholder on the vehicle by completing the lienholder section of the title. If the buyer is paying in full and there is no new lien on the vehicle, the title will be mailed to the new owner four to six weeks after registration. Subleasing and "take over payments" arrangements are illegal. Held by an out-of-state lender or lessor. This can be a lengthy process if the title has been misplaced or is being If the seller has a loan or lease on the vehicle, this must be satisfied and the lienholder or lessor must deliver the title before the vehicle can be sold. Used to adjust registration fees on large farm vehicles. Application for Governmental Services Tax Exemption (VP 154)įor Nevada Native American Tribal Members residing on tribal lands.Non-Resident Military Spouse Governmental Services Tax Exemption Affidavit (VP 203s)įor spouses of active duty military members who are residents of another state and stationed in Nevada.Non-Resident, Active Duty Military Governmental Services Tax Exemption Affidavit (VP 203)įor active duty military members who are residents of another state and stationed in Nevada.To claim an exemption from registration late fees.
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