AB296
AN ACT relating to motor vehicles; requiring the Department of Motor Vehicles to contract with a person who makes installment loans to pay the fees and taxes due for the initial or renewal registration of a vehicle; prescribing certain requirements for such installment loans; authorizing the Director of the Department to authorize the use of digital license plates; providing requirements governing the use of digital license plates; revising the applicability of certain provisions governing installment lenders to a lender who contracts with the Department; extending the prospective expiration of the pilot program to gather data about annual vehicle miles traveled by certain vehicles registered in this State; and providing other matters properly relating thereto. Close title AN ACT relating to motor vehicles; requiring the Department of Motor Vehicles to contract with a person who makes installment loans to pay the fees and taxes due for the initial or renewal registration of a vehicle; prescribing certain requirements for such installment loans; authorizing the Director of the Department to authorize the use of digital license plates; providing requirements governing the use of digital license plates; revising the applicability of certain provisions governing installment lenders to a lender who contracts with the Department; extending the prospective expiration of the pilot program to gather data about annual vehicle miles traveled by certain vehicles registered in this State; and providing other matters properly relating thereto.
Introduction Date
Tuesday, February 25, 2025
Primary Sponsor
View 1 Primary Sponsors Close Primary Sponsors Assemblymembe
Public exhibits
5
Support 0 · Opp 1 · Neutral 0
Auditor findings
0
recusal 0 · QPQ 0
AN ACT relating to motor vehicles; requiring the Department of Motor Vehicles to contract with a person who makes instal
Existing law authorizes the Department of Motor Vehicles to establish electronic branch offices consisting of an Internet website or software application through which the Department may conduct transactions that have been designated by the Director of the Department as suitable to be conducted through electronic means. (NRS 481.055) If the Department provides the ability to register or renew the registration of a vehicle through such an electronic branch office, section 1 of this bill requires the Department to contract with a person who is licensed in this State to make installment loans to allow the person, through the electronic branch office, to offer installment loans to vehicle owners to pay the applicable fees and taxes that are due for the initial or renewal registration of a vehicle. Section 1: (1) requires the person to furnish to the Department the entire amount of the fees and taxes owed by vehicle owners for the registration and renewal of registration; (2) prohibits such a person from charging interest on an installment loan or charging a fee or combination of fees for the installment loan in excess of 15 percent of the total amount financed; (3) prohibits the making of loans less than $250; and (4) prohibits the person from rolling over or refinancing any installment loan made pursuant to section 1 into any other loan to the vehicle owner. Existing law requires the Department to furnish license plates to every owner whose vehicle is registered and sets forth t
NELIS exhibits (5 on file)
Opposition (1)
- Laura Mancusol (Testimony)
Bill text + amendments: view on NELIS →