Nev. Rev. Stat. § 485.280
Return of deposit
Nevada · Nevada Revised Statutes Chapter 485 — Motor Vehicles: Insurance and Financial Responsibility · Status: effective
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- Citation
- Nev. Rev. Stat. § 485.280, Return of deposit, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2125207
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Full text
A deposit or any balance thereof must be returned to the depositor or his or her personal representative:
1. When evidence satisfactory to the Department has been filed with it that there has been a release from liability, a final adjudication of nonliability or an acknowledged agreement, in accordance with paragraph (h) of subsection 1 of NRS 485.200; or
2. If 2 years after the date of the crash or 1 year after the date of deposit of any security under NRS 485.230, whichever period is longer, the Department is given reasonable evidence that there is no action pending and no judgment rendered in such an action left unpaid.