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2017 Nevada Revised Statutes
Chapter 597 - Miscellaneous Trade Regulations and Prohibited Acts
NRS 597.840 - Unlawful retention of deposit for longer than agreed time; penalty.
Universal Citation: NV Rev Stat § 597.840 (2017)
1. A person shall not hold a deposit for the purchase of an item longer than the time specified in a contract between the purchaser and the seller if the purchaser is entitled to the return of the deposit.
2. A person who violates the provisions of subsection 1 shall be punished by a fine of not more than the amount of the deposit multiplied by the number of working days the deposit was retained after return was due.
(Added to NRS by 1985, 2255)
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