When a used or rebuilt vehicle is sold in this State by a person who is not a dealer or rebuilder, the seller or buyer or both of them shall, within 10 days after the sale: 1. Submit to the Department: (a) If a certificate of title has been issued in this State, the certificate properly endorsed. (b) If a certificate of title or other document of title has been issued by a public authority of another state, territory or country: (1) The certificate or document properly endorsed; and (2) A statement containing, if not included in the endorsed certificate or document, the description of the vehicle, including whether it is a rebuilt vehicle, the names and addresses of the buyer and seller, and the name and address of any person who takes or retains a purchase money security interest. Any such statement must be signed and acknowledged by the seller and the buyer. (c) If no document of title has been issued by any public authority, a statement containing all the information and signed and acknowledged in the manner required by subparagraph (2) of paragraph (b). 2. Remit to the Department the fee set forth in NRS 482.429 for the processing of an endorsed certificate of title or statement submitted to the Department pursuant to this section.
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