Subsequent purchaser of the vehicle, and his or her successors in interest or.Prior owner or lienholder of the vehicle, and his or her successors in interest. In an amount equal to one and one-half times the value of the vehicle Manufacturer’s Suggested Retail Price (MSRP) or 25% of MSRP if a salvage vehicle and.Executed by the applicant as principal and by a corporation qualified under the laws of Nevada as surety.If the title is issued on a salvage vehicle, you must follow the salvage vehicle procedures to rebuild the vehicle before it can be registered or sold. All normal registration requirements apply. Once the title has been issued, you may register the vehicle. Dealers and financial institutions are required to use the DMV's Electronic Lien and Title system. The title will be mailed to you once issued or to the lienholder, if any. You may wish to use certified or registered mail when sending original documents. Please use traceable mail or a service that tracks your package. Return all original documentation and fees to the Title Research Section in Carson City.Part 4 of the Affidavit for Bonded Vehicle Title (VP 271) must be notarized or witnessed by an authorized DMV employee.
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