Nevada - NRS 598.240 Seller to furnish buyer copy of receipt or contract; required contents.(2006)

A seller must furnish every buyer with a fully completed receipt or copy of any door-to-door sale contract at the time a sale is executed. Such writing shall be in the same language as that primarily used in the oral sales presentation, show the date of the transaction and contain the name and address of the seller, and in immediate proximity to the space reserved in the contract for the signature of the buyer or on the front page of the receipt if a contract is not used and in bold type, a statement in substantially the following form:

You, the buyer, may cancel this transaction at any time prior to midnight of the third business day after the date of this transaction. See the attached notice of cancellation form for explanation of this right.

NRS 598.250 Seller to furnish buyer form for notice of cancellation. (2006)

A seller must furnish every buyer with a fully completed form in duplicate, captioned "NOTICE OF CANCELLATION," which must be attached to the contract or receipt and easily detachable, and which must contain in boldface type the following information and statements in the same language as that used in the contract:


Enter date of transaction)


You may cancel this transaction, without any penalty or obligation, except as provided by law, within 3 business days from the above date.

If you cancel, any property traded in, any payments made by you under the contract or sale, and any negotiable instrument executed by you will be returned within 10 business days following receipt by the seller of your cancellation notice, and any security interest arising out of the transaction will be cancelled.

If you cancel, you must make available to the seller at reasonable times at your residence, in substantially as good condition as when received, any goods delivered to you under this contract or sale; or you must in the alternative comply with the instructions of the seller regarding the return shipment of the goods at the seller's expense and risk.

If the seller does not either provide instructions for the return of the goods to the seller or pick them up within 20 days of the date of your notice of cancellation, you may retain or dispose of the goods without any further obligation.

To cancel this transaction, mail or deliver a signed and dated copy of this cancellation notice or any other written notice, or send a telegram to .........................................................................

(Name of seller)

at.............................................................. (Address of seller's place of business) not later than midnight of

I hereby cancel this transaction.



Buyer's signature)

NRS 598.260 Penalty for cancellation permitted; limitations. (2006)

NRS 598.140 to 598.2801 , inclusive, do not prevent any seller from assessing a penalty for the cancellation of a door-to-door sale contract if the penalty does not exceed 5 percent of the total purchase price, $15, or any down payment paid by the buyer at the time any door-to-door sale contract is entered into or executed, whichever is the lesser amount.

NRS 598.280 Unlawful acts. (2006)

 It is unlawful for any seller:

1. To fail to inform any buyer orally, at the time the buyer signs any door-to-door sale contract or purchases any consumer goods or services as a result of a door-to-door sale, of the buyer's right to cancel the contract or to misrepresent in any manner said buyer's right to cancel;

2. To fail or refuse to honor any valid notice of cancellation by a buyer;

3. To fail or refuse to return, within 10 business days after receiving notice of cancellation, any goods or property traded in, in substantially as good condition as when received;

4. To fail or refuse to refund all payments made under the contract or sale within 10 business days after receiving notice of cancellation;

5. To fail to notify a buyer within 10 business days after the receipt of a buyer's notice of cancellation whether the seller intends to repossess or to abandon any shipped or delivered goods; or

6. To negotiate, transfer, sell or assign any note or other evidence of indebtedness to a finance company or other third party prior to midnight of the 5th business day following the day the contract was signed or the goods or services were purchased.