NRS 97.165
Contract contained in single document

  • date, signatures and size of type
  • fee for cancellation.

1.

Every retail installment contract must be contained in a single document which must contain the entire agreement of the parties, including any promissory notes or other evidences of indebtedness between the parties relating to the transaction, except as otherwise provided in NRS 97.205, 97.235 and 598.9715, but:

(a)

If the buyer’s obligation to pay the total of payments is represented by a promissory note secured by a chattel mortgage or other security agreement, the promissory note may be a separate instrument if the mortgage or security agreement recites the amount and terms of payment of that note and the promissory note recites that it is secured by a mortgage or security agreement.

(b)

In a transaction involving the repair, alteration or improvement upon or in connection with real property, the contract may be secured by a mortgage or deed of trust on the real property contained in a separate document. Retail sales transactions for home improvements which are financed or insured by the Federal Housing Administration are not subject to the provisions of this chapter.

2.

The contract must be dated, signed by the retail buyer and completed as to all essential provisions, except as otherwise provided in NRS 97.205, 97.215 and 97.235. The printed or typed portion of the contract, other than instructions for completion, must be in a size equal to at least 8-point type.

3.

Any fee charged to the retail buyer for his or her cancellation of a retail installment contract within 72 hours after its execution is prohibited unless notice of the fee is clearly set forth in the printed or typed portion of the contract.

Source: Section 97.165 — Contract contained in single document; date, signatures and size of type; fee for cancellation., https://www.­leg.­state.­nv.­us/NRS/NRS-097.­html#NRS097Sec165.

97.015
Definitions. 97.017
“Amount financed” defined. 97.025
“Cash sale price” defined. 97.026
“Credit” defined. 97.031
“Finance charge” defined. 97.035
“Goods” defined. 97.055
“Official fees” defined. 97.075
“Rate” defined. 97.085
“Retail buyer” and “buyer” defined. 97.095
“Retail charge agreement” defined. 97.105
“Retail installment contract” and “contract” defined. 97.115
“Retail installment transaction” defined. 97.125
“Retail seller” and “seller” defined. 97.135
“Services” defined. 97.145
“Total of payments” defined. 97.165
Contract contained in single document 97.175
Seller to provide certain creditor disclosures to buyer. 97.185
Contents of contract. 97.195
Amount of finance charge and any other fee, expense or charge. 97.205
Contracts negotiated and entered into by mail or telephone based on seller’s catalog or printed solicitation 97.215
Blank spaces in contracts. 97.225
Prepayment of unpaid total of payments 97.235
Consolidated contracts 97.245
Retail charge agreements: Finance charge 97.253
Rights of retail seller 97.265
Insurance. 97.275
Invalidity of provisions of contract or agreement 97.285
Provisions of chapter governing retail installment transactions exclusive. 97.297
“Vehicle” defined. 97.299
Forms for contracts and applications for credit: Adoption of regulations prescribing forms 97.301
Forms for contracts and application for credit: When use is mandatory. 97.304
Enforceability of default on part of buyer. 97.305
Violation bar to recovery. 97.315
Injunction to prevent violation. 97.325
Assurance of discontinuance. 97.335
Civil penalties.
Last Updated

Jun. 24, 2021

§ 97.165’s source at nv​.us