Nev. Admin. Code § 490.245

Current through October 11, 2024

Section 490.245 - Lease advertised

If an off-highway vehicle dealer, long-term lessor, short-term lessor or manufacturer offers an off-highway vehicle for lease, an advertisement for that off-highway vehicle must include a statement that the off-highway vehicle is being offered for lease. If an off-highway vehicle dealer, long-term lessor, short-term lessor or manufacturer includes a term of the lease in the advertisement, he or she shall include in the advertisement:

1. The total amount required before the off-highway vehicle is delivered;

2. The number, period and amount of payments;

3. If an option to buy the off-highway vehicle is included in the lease, the price of the option or the method of determining the price of the option;

4. If an option to buy the off-highway vehicle is not included in the lease, a statement indicating that fact; and

5. The amount or method of determining the amount of any charges imposed at the termination of the lease.

Nev. Admin. Code § 490.245

Added to NAC by Dep't of Motor Veh. by R130-11, 6-29-2012, eff. 7-1-2012

NRS 481.051, 490.066, 490.410