Nev. Rev. Stat. § 97B.140

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 97B.140 - Consumer form contracts: Void if entered into with unlicensed person required to be licensed

Any consumer form contract entered into by a consumer with a person who is required to be licensed pursuant to any provision of NRS or NAC in order to enter into the consumer transaction, but is not so licensed, is void. Neither the obligee nor any assignee of the obligation may collect, receive or retain any principal, finance charge or other fees in connection with the transaction.

NRS 97B.140

Added to NRS by 2019, 2310

Added by 2019, Ch. 368,§15, eff. 10/1/2019.