1. If the application of a person who is seeking a certificate of title pursuant to NRS 489.561 is denied, the person may: (a) Submit an application for a new certificate of title to the Division pursuant to this section; (b) File a bond with the Division that meets the requirements of subsection 4; and (c) Allow the Division to inspect the manufactured home, mobile home or commercial coach for compliance with the safety standards and other requirements provided in regulations adopted by the Administrator pursuant to NRS 489.251 . 2. Within 45 days after the date on which the Division receives an application and bond pursuant to paragraphs (a) and (b) of subsection 1 and completes the inspection required pursuant to paragraph (c) of subsection 1, the Division shall: (a) Issue to the applicant a new certificate of title for the manufactured home, mobile home or commercial coach if the Division finds that: (1) The bond meets the requirements of subsection 4; and (2) The manufactured home, mobile home or commercial coach complies with the standards and other requirements set forth in paragraph (c) of subsection 1; or (b) Deny the application. If the Division denies the application, the Division shall provide written notification of the denial and the reasons for the denial to the applicant within 10 days after the denial. 3. Any person damaged by the issuance of a certificate of title pursuant to this section has a right of action to recover on the bond for any breach of its conditions, except the aggregate liability of the surety to all persons must not exceed the amount of the bond. 4. The bond required pursuant to subsection 1 must be: (a) In a form prescribed by the Division; (b) Executed by the applicant as principal and by a corporation qualified under the laws of this State as surety; (c) In an amount equal to one and one-half times the most recent assessed value assigned by the relevant county assessor to the manufactured home, mobile home or commercial coach; and (d) Conditioned to indemnify any: (1) Prior owner or lienholder of the manufactured home, mobile home or commercial coach, and his or her successors in interest; (2) Subsequent purchaser of the manufactured home, mobile home or commercial coach, and his or her successors in interest; or (3) Person acquiring a security interest in the manufactured home, mobile home or commercial coach, and his or her successors in interest, against any expense, loss or damage because of the issuance of the certificate of title or because of any defect in or undisclosed security interest in the applicants right or title to the manufactured home, mobile home or commercial coach or the applicants interest in the manufactured home, mobile home or commercial coach. 5. A right of action does not exist in favor of any person by reason of any action or failure to act on the part of the Division or any officer or employee thereof in carrying out the provisions of this section, or in giving or failing to give any information concerning the legal ownership of a manufactured home, mobile home or commercial coach or the existence of a certificate of title obtained pursuant to this section.
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