1. The Department may release all or any portion of the property subject to a lien imposed by the Department pursuant to NRS 481.081 or subordinate the lien to other liens and encumbrances if the Department determines that the amount, interest and penalties are secured sufficiently by a lien on other property or that the release or subordination of the lien will not jeopardize the collection of the amount, interest and penalties.
2. A certificate issued by the Department stating that property has been released from a lien, or that a lien has been subordinated to other liens and encumbrances, is conclusive evidence that the property has been released, or that the lien has been subordinated.
(Added to NRS by 1999, 154)
Structure Nevada Revised Statutes
Chapter 481 - Administration of Laws Relating to Motor Vehicles
NRS 481.019 - Creation; powers and duties.
NRS 481.023 - Administration of laws by Department; exceptions.
NRS 481.029 - Hearing conducted by Department: Manner of taking testimony; where conducted.
NRS 481.031 - Office of Director of Department created.
NRS 481.047 - Appointment of personnel.
NRS 481.0473 - Divisions of Department.
NRS 481.0475 - Duties of Administrative Services Division.
NRS 481.048 - Division of Compliance Enforcement: Appointment and duties of investigators.
NRS 481.051 - Powers and duties of Director: Generally; delegation.
NRS 481.052 - Powers and duties of Director: Adoption of definitions of certain terms by regulation.
NRS 481.057 - Offices of Department: Extended hours of operation.
NRS 481.064 - Technology fee: Nonrefundable; duties of Department; use of funds from fee.
NRS 481.065 - Acceptance of donations for programs for traffic safety.
NRS 481.083 - Money for administration of chapter; claims.
NRS 481.089 - "Personal information" defined.
NRS 481.093 - Limits on disclosure of personal information.
NRS 481.095 - Prohibited acts.