NRS 97.253
Rights of retail seller

  • action to determine liability for unauthorized negotiable instrument used to make payment.

1.

A retail seller shall be deemed to be a payee with respect to any payment made on an account of a buyer by a check or other negotiable instrument.

2.

Upon the posting of a payment to an account of a buyer, a retail seller has changed his or her position in reliance thereon if the payment was made by a check or other negotiable instrument.

3.

A payment made on an account of a buyer by a check or other negotiable instrument is received by the retail seller in good faith if the retail seller did not have actual knowledge that the check or other negotiable instrument was forged, altered or unauthorized when it was posted to the account.

4.

An action or proceeding brought to determine liability for an allegedly forged, altered or unauthorized check or other negotiable instrument used to make payment on an account of a buyer must be determined pursuant to the provisions of chapter 104 of NRS.
PROVISIONS COMMON TO RETAIL INSTALLMENT CONTRACTS AND RETAIL CHARGE AGREEMENTS

Source: Section 97.253 — Rights of retail seller; action to determine liability for unauthorized negotiable instrument used to make payment., https://www.­leg.­state.­nv.­us/NRS/NRS-097.­html#NRS097Sec253.

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

Feb. 5, 2021

§ 97.253’s source at nv​.us