NRS 690C.250
Conditions under which service contract void and refund required

  • right of original purchaser
  • provision stating right required
  • penalty.

1.

A service contract is void and a provider shall refund to the holder the purchase price of the service contract if the holder has not made a claim under the service contract and the holder returns the service contract to the provider:

(a)

Within 20 days after the date the provider mails a copy of the service contract to the holder;

(b)

Within 10 days after the purchaser receives a copy of the service contract if the provider furnishes the holder with the copy at the time the contract is purchased; or

(c)

Within a longer period specified in the service contract.

2.

The right of a holder to return a service contract pursuant to this section applies only to the original purchaser of the service contract.

3.

A service contract must include a provision that clearly states the right of a holder to return a service contract pursuant to this section.

4.

The provider shall refund to the holder the purchase price of the service contract within 45 days after a service contract is returned pursuant to subsection 1. If the provider fails to refund the purchase price within that time, the provider shall pay the holder a penalty of 10 percent of the purchase price for each 30-day period or portion thereof that the refund and any accrued penalties remain unpaid.

Source: Section 690C.250 — Conditions under which service contract void and refund required; right of original purchaser; provision stating right required; penalty., https://www.­leg.­state.­nv.­us/NRS/NRS-690C.­html#NRS690CSec250.

Last Updated

Feb. 5, 2021

§ 690C.250’s source at nv​.us