NRS 597.997
Prohibition on certain offers to lease living animal or goods intended for personal, family or household use

  • federal Truth in Lending Act applicable to retail installment contract for sale of living animal or goods intended for personal, family or household use
  • failure to comply constitutes deceptive trade practice
  • violation constitutes consumer fraud.

1.

A person shall not offer to lease any living animal or goods intended for personal, family or household use, including, without limitation, pets, tires, batteries and hearing aids, if the living animal or good is expected to have not more than a de minimis residual financial value at the end of the term of the lease or contract.

2.

Any retail installment contract for the sale of any living animal or goods intended for personal, family or household use, including, without limitation, pets, tires, batteries and hearing aids, is subject to the provisions of the Truth in Lending Act, 15 U.S.C. §§ 1601 et seq., and any regulations adopted pursuant thereto.

3.

The failure of a person to comply with this section constitutes a deceptive trade practice for the purposes of NRS 598.0903 to 598.0999, inclusive.

4.

A violation of this section constitutes consumer fraud for the purposes of NRS 41.600.

5.

The provisions of this section do not apply to any lease or contract on furniture or household electronics.

6.

As used in this section:

(a)

“Goods” has the meaning ascribed to it in NRS 104.2105.

(b)

“Household electronics” means electronic devices, personal effects and property of an electronic nature used or to be used in a dwelling.

(c)

“Residual financial value” means the amount the living animal or good is worth at the end of the term of the lease or contract and includes, without limitation, the salvage value of the living animal or good.

(d)

“Retail installment contract” has the meaning ascribed to it in NRS 97.105.

(e)

“Salvage value” means the amount expected to be obtained when the living animal or good is disposed of at the end of its useful life.

Source: Section 597.997 — Prohibition on certain offers to lease living animal or goods intended for personal, family or household use; federal Truth in Lending Act applicable to retail installment contract for sale of living animal or goods intended for personal, family or household use; failure to comply constitutes deceptive trade practice; violation constitutes consumer fraud., https://www.­leg.­state.­nv.­us/NRS/NRS-597.­html#NRS597Sec997.

597.820
Profiteering in articles on which there is sales tax 597.830
Unlawful additions to entertainment or amusement tax 597.840
Unlawful retention of deposit for longer than agreed time 597.850
Shoplifting: Merchant may request person on premises to keep merchandise in full view 597.860
Shoplifting: Civil liability of adult who steals merchandise from or damages property on merchant’s premises. 597.870
Shoplifting: Civil liability of parent or guardian of minor who steals merchandise from or damages property on merchant’s premises. 597.880
Sale and advertising of master keys for motor vehicles limited 597.890
Advertising that climate of facility for storage of personal property is controlled: Requirements 597.900
Sale of imitation Indian arts and crafts not clearly labeled as imitation prohibited. 597.905
Purchase or sale of or possession with intent to sell items made of part or byproduct of certain animals: Prohibition 597.915
Informal merchants: Prohibited acts 597.935
Acceptance of permanent resident card to identify customer. 597.937
Acceptance of tribal identification card to identify customer. 597.940
Restrictions on recording of account number of credit card as condition to accepting check or draft 597.945
Restrictions on printing expiration date or account number of credit card or debit card on receipt: Restrictions applicable to businesses which accept credit cards or debit cards 597.947
Restrictions on printing expiration date or account number of credit card or debit card on receipt: Restrictions applicable to manufacturer or supplier of device 597.950
Unsolicited merchandise deemed unconditional gift to recipient 597.960
Collection of fee for dishonored check accepted as payment for goods or services. 597.980
Sale of novelty lighter prohibited 597.985
Knowing manufacture, sale or distribution of certain products containing Bisphenol A prohibited. 597.990
Knowing manufacture, sale or distribution of baby food or infant formula in container containing Bisphenol A prohibited. 597.995
Limitations on agreements which include provision requiring arbitration of disputes arising between parties. 597.996
Prohibited provisions relating to review, comment or statement by consumer in form contract for purchase, lease or rental of consumer goods or services 597.997
Prohibition on certain offers to lease living animal or goods intended for personal, family or household use 597.998
Prohibited acts relating to sale, preparation, distribution or advertisement of kratom products or products containing kratom.
Last Updated

Jun. 24, 2021

§ 597.997’s source at nv​.us