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Nevada Revised Statutes Title 52. Trade Regulations and Practices § 597.840. Unlawful retention of deposit for longer than agreed time; penalty

Current as of January 01, 2025 | Updated by Findlaw Staff

1. A person shall not hold a deposit for the purchase of an item longer than the time specified in a contract between the purchaser and the seller if the purchaser is entitled to the return of the deposit.

2. A person who violates the provisions of subsection 1 shall be punished by a fine of not more than the amount of the deposit multiplied by the number of working days the deposit was retained after return was due.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 52. Trade Regulations and Practices § 597.840. Unlawful retention of deposit for longer than agreed time; penalty - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-52-trade-regulations-and-practices/nv-rev-st-597-840/

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