nevada pawnbroker [rev. 1162011 125943 pm]

7/30/2019 Nevada Pawnbroker [Rev. 1162011 125943 PM]

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[Rev. 11/6/2011 12:59:43 PM]

CHAPTER 646 - PAWNBROKERS

NRS 646.002Definitions.

NRS 646.006Motor vehicle defined.NRS 646.010Pawnbroker defined.NRS 646.020Record of transactions; certificate of right to pledge or sell property; inspection of record and goods. NRS 646.030Reports of transactions and stolen property to sheriffs and chiefs of police.NRS 646.040Retention and removal of property received in pledge. NRS 646.045Retention and removal of motor vehicles received in pledge. NRS 646.047Peace officer may place written hold on property received in pledge; procedure for peace officer to obtain

custody of property; limitations on disposal of property; duties of peace officer and pawnbroker concerning property;immunity.NRS 646.050Rate of interest; period for redemption; printed receipts; charge for storage of motor vehicle.NRS 646.060Unlawful acts.

_________NRS 646.002 Definitions. As used in this chapter, unless the context otherwise requires, the words and termsdefined inNRS 646.006and646.010have the meanings ascribed to them in those sections.(Added to NRS by1997, 2545)

NRS 646.006 Motor vehicle defined. Motor vehicle means any self-propelled vehicle that is used upon ahighway, but not operated on rails, for the purpose of transporting persons or property. The term does not includeelectric personal assistive mobility devices as defined inNRS 482.029.(Added to NRS by1997, 2545; A2003, 1207)

NRS 646.010 Pawnbroker defined. Pawnbroker means every person engaged, in whole or in part, in the

business of loaning money on the security of pledges, deposits or other secured transactions in personal property.[1911 C&P 206; RL 6471; NCL 10154](NRS A 1965, 944;1997, 2546)

NRS 646.020 Record of transactions; certificate of right to pledge or sell property; inspection of record and

goods.1. Every pawnbroker doing business in any incorporated city or unincorporated town in this State shall maintain inhis or her place of business a book or other permanent record in which must be legibly written in the Englishlanguage, at the time of each loan or purchase a record thereof containing:(a) The date and time of the transaction.(b) The name or other identification of the person or employee conducting the transaction.(c) The name, age, street and house number, the serial number of one piece of positive identification and a generaldescription of the complexion, color of hair and facial appearance of the person with whom the transaction is had. Inlieu of recording the serial number of a piece of positive identification, the record may contain an indication that thepawnbroker knows the person with whom the transaction is had.(d) A description of the property received in pledge. In the case of watches, the description must contain the name ofthe maker and the number of the works or the case. In the case of jewelry, all letters and marks inscribed thereonmust be included in the description.(e) The amount loaned.(f) The number of any pawn ticket issued therefor.2. The person with whom a transaction is had shall, at the time of the transaction, certify in writing that he or she hasthe legal right to pledge or sell the property.
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3. The record and all goods received must at all times during the ordinary hours of business be open to theinspection of the prosecuting attorney or of any peace officer.[Part 1911 C&P 200; A 1917, 410; 1919 RL 6465; NCL 10148] + [1911 C&P 201; RL 6466; NCL 10149](NRS A 1983, 744; 1991, 374; 1995, 858;2003, 20th Special Session, 16)

NRS 646.030 Reports of transactions and stolen property to sheriffs and chiefs of police.

1. Every pawnbroker doing business in any unincorporated town shall, before 12 m. of each day, furnish in duplicateto the sheriff of the county a full, true and correct transcript of the record of all transactions had on the precedingday.2. Every pawnbroker doing business in any incorporated city shall, before 12 m. of each day, furnish in duplicate tothe chief of police thereof, a full, true and correct transcript of the record of all transactions had on the precedingday.3. Every pawnbroker doing business in an unincorporated town or in an incorporated city having good cause tobelieve that any property in his or her possession has been previously lost or stolen shall forthwith report such fact tothe sheriff or chief of police, respectively, together with the name of the owner if known, and the date when, and thename of the person from whom, the same was received by the pawnbroker.[1911 C&P 202; A 1917, 410; 1919 RL 6467; NCL 10150](NRS A 1967, 178)

NRS 646.040 Retention and removal of property received in pledge. No property received in pledge by a

pawnbroker may be removed from his or her place of business after the receipt of the property is reported to

the sheriff or the chief of police as provided in this chapter, unless the property is:1. Redeemed by the owner thereof; or2. Released to the custody of a peace officer in the manner set forth inNRS 646.047.[Part 1911 C&P 203; RL 6468; NCL 10151](NRS A 1983, 744; 1993, 2322;1997, 2546;1999, 755)

NRS 646.045 Retention and removal of motor vehicles received in pledge.1. A pawnbroker who receives a motor vehicle in pledge as security for a loan pursuant toNRS 646.050mayremove the motor vehicle from his or her place of business to a place used by the pawnbroker for the storage ofmotor vehicles received in pledge.2. The pawnbroker:(a) Shall hold the motor vehicle at the place of storage for the same period that personal property must be held at hisor her place of business pursuant to this chapter; and(b) May only remove the motor vehicle from the place of storage under the same conditions that personal property

may be removed from his or her place of business pursuant to this chapter.(Added to NRS by1997, 2546)

NRS 646.047 Peace officer may place written hold on property received in pledge; procedure for peace officer

to obtain custody of property; limitations on disposal of property; duties of peace officer and pawnbroker

concerning property; immunity.1. A peace officer who is involved in the investigation or prosecution of criminal activity may place a written holdon any property received in pledge by a pawnbroker that is related or allegedly related to the criminal activity.2. While a hold is placed on property pursuant to this section, the pawnbroker who received the property in pledgeshall not release or dispose of the property to any person other than the peace officer who placed the hold on theproperty. A peace officer who placed a hold on property may obtain custody of the property from the pawnbroker ifthe peace officer:(a) Has obtained written authorization from the prosecuting attorney which includes, without limitation, adescription of the property and an acknowledgment of the pawnbrokers interest in the property, and which provides

that the pawnbroker must be notified pursuant toNRS 179.165, if applicable; and(b) Gives a copy of the written authorization to the pawnbroker.3. Property received by a peace officer pursuant to this section may be disposed of only in the manner set forth inNRS 52.385or179.125to179.165, inclusive.4. A peace officer who places a hold on property pursuant to this section shall notify the pawnbroker in writingwhen the investigation or prosecution has concluded or when the hold is no longer necessary, whichever occurssooner.5. If a person who deposited property with a pawnbroker in pledge attempts to redeem the property from thepawnbroker and a hold has been placed on the property pursuant to this section, the pawnbroker shall provide the
http://www.leg.state.nv.us/Statutes/20thSS/Stats2003SS2001.html#Stats2003SS2001page16http://www.leg.state.nv.us/Statutes/20thSS/Stats2003SS2001.html#Stats2003SS2001page16http://www.leg.state.nv.us/Statutes/20thSS/Stats2003SS2001.html#Stats2003SS2001page16http://www.leg.state.nv.us/NRS/NRS-646.html#NRS646Sec047http://www.leg.state.nv.us/NRS/NRS-646.html#NRS646Sec047http://www.leg.state.nv.us/NRS/NRS-646.html#NRS646Sec047http://www.leg.state.nv.us/Statutes/69th/Stats199717.html#Stats199717page2546http://www.leg.state.nv.us/Statutes/69th/Stats199717.html#Stats199717page2546http://www.leg.state.nv.us/Statutes/69th/Stats199717.html#Stats199717page2546http://www.leg.state.nv.us/Statutes/70th/Stats199905.html#Stats199905page755http://www.leg.state.nv.us/Statutes/70th/Stats199905.html#Stats199905page755http://www.leg.state.nv.us/Statutes/70th/Stats199905.html#Stats199905page755http://www.leg.state.nv.us/NRS/NRS-646.html#NRS646Sec050http://www.leg.state.nv.us/NRS/NRS-646.html#NRS646Sec050http://www.leg.state.nv.us/NRS/NRS-646.html#NRS646Sec050http://www.leg.state.nv.us/Statutes/69th/Stats199717.html#Stats199717page2546http://www.leg.state.nv.us/Statutes/69th/Stats199717.html#Stats199717page2546http://www.leg.state.nv.us/Statutes/69th/Stats199717.html#Stats199717page2546http://www.leg.state.nv.us/NRS/NRS-179.html#NRS179Sec165http://www.leg.state.nv.us/NRS/NRS-179.html#NRS179Sec165http://www.leg.state.nv.us/NRS/NRS-179.html#NRS179Sec165http://www.leg.state.nv.us/NRS/NRS-052.html#NRS052Sec385http://www.leg.state.nv.us/NRS/NRS-052.html#NRS052Sec385http://www.leg.state.nv.us/NRS/NRS-179.html#NRS179Sec125http://www.leg.state.nv.us/NRS/NRS-179.html#NRS179Sec125http://www.leg.state.nv.us/NRS/NRS-179.html#NRS179Sec125http://www.leg.state.nv.us/NRS/NRS-179.html#NRS179Sec165http://www.leg.state.nv.us/NRS/NRS-179.html#NRS179Sec165http://www.leg.state.nv.us/NRS/NRS-179.html#NRS179Sec165http://www.leg.state.nv.us/NRS/NRS-179.html#NRS179Sec165http://www.leg.state.nv.us/NRS/NRS-179.html#NRS179Sec125http://www.leg.state.nv.us/NRS/NRS-052.html#NRS052Sec385http://www.leg.state.nv.us/NRS/NRS-179.html#NRS179Sec165http://www.leg.state.nv.us/Statutes/69th/Stats199717.html#Stats199717page2546http://www.leg.state.nv.us/NRS/NRS-646.html#NRS646Sec050http://www.leg.state.nv.us/Statutes/70th/Stats199905.html#Stats199905page755http://www.leg.state.nv.us/Statutes/69th/Stats199717.html#Stats199717page2546http://www.leg.state.nv.us/NRS/NRS-646.html#NRS646Sec047http://www.leg.state.nv.us/Statutes/20thSS/Stats2003SS2001.html#Stats2003SS2001page16


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person with the name of the peace officer who placed the hold on the property and the name of the employer of thepeace officer who placed the hold on the property.6. A pawnbroker and an employee of a pawnbroker who take any action required pursuant to this section areimmune from civil liability for such action.(Added to NRS by1999, 755)

NRS 646.050 Rate of interest; period for redemption; printed receipts; charge for storage of motor vehicle.1. A pawnbroker may charge and receive interest at the rate of 13 percent a month for money loaned on the securityof personal property actually received in pledge, and a person shall not ask or receive a higher rate of interest ordiscount on any such loan, or on any actual or pretended sale or redemption of personal property. For any loanmade, a pawnbroker may make an initial charge of $5 in addition to interest at the authorized rate.2. All personal property must be held for redemption for at least 90 days after the date of pledge with anypawnbroker.3. A pawnbroker shall give to the person securing the loan a printed receipt clearly showing the amount loaned andrate of interest, together with a description of the pledged property. The receipt must be marked in such a mannerthat the amounts of principal and interest paid by the person securing the loan can be clearly designated. Eachpayment must be entered upon the receipt, and each entry must designate how much of the payment is beingcredited to principal and how much to interest, with dates of payments shown thereon.4. A pawnbroker shall not charge more than $3 per day for the storage of a motor vehicle which is collateral for aloan.[1911 C&P 205; A 1951, 108](NRS A 1969, 389; 1977, 214; 1981, 1594; 1989, 851; 1993, 2322;1997, 2546;2011, 277)

NRS 646.060 Unlawful acts. A pawnbroker, and a clerk, agent or employee of a pawnbroker, isguilty of a misdemeanor if he or she:1. Fails to make an entry of any material matter in a book or record kept as provided for inNRS646.020.2. Makes a false entry in the book or record.3. Obliterates, destroys or removes from his or her place of business the book or record.4. Refuses to allow the prosecuting attorney or a peace officer to inspect the book or record orany goods in his or her possession, during the ordinary hours of business.

5. Reports a material matter falsely to the sheriff or to the chief of police.6. Fails to report immediately to the sheriff or to the chief of police the possession of propertywhich he or she may have good cause to believe has been lost or stolen, together with the nameof the owner, if known, and the date when and the name of the person from whom he or shereceived the property.7. Removes property received or allows it to be removed from his or her place of business inviolation ofNRS 646.040.8. Receives property from a person under the age of 18 years, common drunkard, habitual user ofcontrolled substances, habitual criminal, habitual felon, habitually fraudulent felon, person in anintoxicated condition, known thief or receiver of stolen property, or known associate of a thief orreceiver of stolen property, whether the person is acting in his or her own behalf or as the agent

of another.9. Violates any of the provisions ofNRS 646.050.[Part 1911 C&P 204; RL 6469; NCL 10152] + [2:92:1951](NRS A 1971, 2045; 1973,1580; 1983, 745; 1987, 1573; 1993, 2322; 1995, 859, 1313;1997, 2546)

Pasted from
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nevada pawnbroker [rev. 1162011 125943 pm]

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