Yes. Nevada law (NRS 108.297) requires you to account for and pay any surplus from the lien sale. After recovering your documented towing, storage, and auction fees, you must pay excess proceeds first to lienholders, then to the vehicle owner. You cannot simply keep all auction proceeds because you obtained clean title through VP-147. This is one of the most misunderstood aspects of Nevada lien sales.

A shocked Reddit discussion illustrates the confusion: "I always thought the right thing would be for the tow vendor to pay any excess from the sale over their storage costs to the lienholder but they take possession of the whole vehicle?" The answer: Taking possession for lien sale is legal, but keeping surplus proceeds beyond documented costs is illegal conversion of property.

📋 Nevada Surplus Distribution Hierarchy (NRS 108.297):

1. First priority - Your documented costs: Towing charges, storage fees at your posted daily rate, administrative costs for title search and certified mail, auction fees
2. Second priority - Lienholders on DMV record: If auction sale exceeds your costs, remaining funds go to the first lienholder (bank) up to the amount of their lien. If surplus still remains, it goes to second lienholder if applicable
3. Third priority - Original owner: Any remaining surplus after lienholder(s) are paid must be sent to the registered owner at their DMV-registered address via certified mail
4. Unclaimed surplus: If owner doesn't respond to surplus notification within required time (typically 30-60 days), consult legal counsel about escheat to the state

⚠️ Real-World Example of Surplus Calculation:

• Vehicle sells at Copart for $8,500
• Your documented costs: Towing $250, storage 45 days at $30/day = $1,350, auction fees $400 = $2,000 total
• Remaining: $6,500 surplus
• Lienholder on DMV record: Bank with $12,000 lien = Bank gets entire $6,500
• Nothing left for owner (their debt to bank reduced by $6,500)

Different scenario - No lien on record:

• Same $8,500 sale price, same $2,000 costs
• No lienholder on DMV title
• You must send $6,500 to the registered owner with accounting of costs and surplus calculation

💡 Why This Matters for VP-147 Compliance: When you sign your notarized VP-147 affidavit, you're swearing under oath that you followed Nevada's lien sale procedures. Part of those procedures is accounting for surplus. If the owner later discovers you kept $5,000 in surplus that legally belonged to them or their lender, you face: (1) civil lawsuit for conversion, (2) potential perjury charges for false VP-147 affidavit, (3) loss of your tow operator license, (4) criminal charges for theft by conversion.

🏢 Best Practice for Tow Operators: Create a standard surplus calculation worksheet for every lien sale. Document: (1) Auction gross proceeds, (2) Itemized costs (towing, storage with daily rate and number of days, title search, certified mail, auction fees), (3) Net surplus calculation, (4) Lienholder payment if applicable with proof of payment, (5) Owner surplus payment with certified mail proof of delivery. Keep these records for 3-5 years. When we notarize VP-147 forms at Sun City Aliante or other Clark County tow yards, we can review your surplus calculation to ensure it's properly documented before you sign under oath.

Related Questions

• Do I need to notify both the owner AND lienholder for VP-147?
• What if certified mail comes back undeliverable? Can I still do lien sale?
• What are the legal limits on storage fees for Nevada tow operators?

An Occupancy Verification confirms if a unit is occupied or vacant using a discrete approach, exterior photos, and simple observations. When appropriate, a brief neighbor attempt helps confirm status. On request we post a compliant door tag and provide a photo of the posting. Results and time stamped images are delivered the same day in most cases for assets in Las Vegas, Downtown Las Vegas, Spring Valley, the Las Vegas Strip, Summerlin South, North Las Vegas, Henderson, and Boulder City.

Nevada DMV does not legally require bill of sale notarization for vehicle transfers, but financial institutions, out-of-state buyers, and individual DMV title clerks frequently demand notarized bills of sale to verify transaction authenticity. Mobile bill of sale notarization provides same-day service at **$45 for single documents** and **$55 for multi-document packages** throughout Henderson and Las Vegas Valley.

Nevada Revised Statutes do not mandate notarization for Form VP-104 bill of sale, but Nevada DMV strongly recommends notarization when sellers and buyers cannot appear together at DMV offices or when vehicles involve outstanding liens, high values, or complex ownership situations. Most banks and credit unions refuse loan processing without notarized bills of sale regardless of Nevada law.

📋 When Notarization Is Strongly Recommended:

• Bank-financed purchases requiring lender-approved documentation
• Out-of-state buyers needing home-state DMV submission requirements
• High-value vehicles ($20,000+) where title insurance companies mandate notarization
• Private party sales where buyer and seller cannot appear together at DMV
• Auction purchases requiring additional transaction verification
• Dealer wholesale transactions involving floor plan financing

⚠️ Common DMV Processing Issues Without Notarization:

• Title clerks may reject unclear or suspicious signatures on VP-104 forms
• Processing delays while DMV contacts sellers for signature verification
• Banks refuse loan disbursement without notarized transaction proof
• Out-of-state DMV offices reject Nevada bills of sale lacking notarization

Related Questions

• When do lenders require notarized bill of sale?
• Can mobile notary notarize bill of sale same day?
• Do all Nevada title transfers require notarization?

Nevada apostille processing for business documents requires a $20 Secretary of State fee, plus professional coordination services ranging from $170–275 depending on complexity and turnaround speed. Lake Mead Mobile Notary provides document preparation, notarization (if needed), and courier submission to Nevada SOS, ensuring first-time acceptance.

Note: The apostille certificate is issued exclusively by the Nevada Secretary of State. We handle all logistics—pre-submission audit, form completion, courier delivery, and return tracking.

💼 Cost Breakdown for Business Documents:

1. State fee: $20 per document (mandatory)
2. Standard coordination: $170–199 (business resolutions, powers of attorney, commercial contracts)
3. Complex coordination: $225–275 (multi-page contracts, certificate of good standing, technical certifications)
4. Notarization (if required): $10–15 per signature
5. Return shipping: $25–60 with tracking

⏱️ Processing Timelines:

• Standard: 3–4 weeks
• Expedited 24–48 hours: +$75
• 4-hour rush: +$200
• 1–2 hour emergency: +$500 to +$1,000

⚠️ Real-World Example – Corporate Resolution:

• Client needs apostille for board resolution by Friday
• Monday: Notarization and courier to NV SOS with 4-hour expedited fee
• Tuesday afternoon: Apostille issued and couriered back
• Total cost: $20 state + $250 coordination + $35 shipping = $305

💡 Why Use Coordination Services: Avoid errors in document classification (e.g., SOS vs certified copy requirements), expedite submission, and prevent delays due to missing attachments or incorrect forms. We guarantee 95%+ first-submission acceptance and provide full status tracking.

🏢 Service Areas: Corporate districts in Henderson, Summerlin Centre, and McCarran Center. Mobile notarization and same-day coordination available Monday–Saturday.

Related Questions

• How Much Does an Apostille Cost in Nevada
• How Long Does Nevada Secretary of State Apostille Processing Take?
• What Documents Require Nevada Apostille Authentication for International Use?