Nev. Admin. Code § 490.250

Current through December 12, 2024
Section 490.250 - Financing advertised
1. The phrases "no finance charge" or "no carrying charge," or similar expressions, must not be used when there is a charge for placing the transaction on a time-payment basis.
2. Terms featuring weekly, semimonthly or other periodic payments must not be used unless purchasers are given contracts payable in accordance with those terms. For example, weekly or semimonthly payments must not be featured unless actually available.
3. Advertised claims such as "everybody financed," "no credit rejected" and "we finance anyone," and other similar statements, must not be used.
4. Advertised terms based upon payments extending more than 36 months must clearly state the number of months and any other special considerations required to obtain those terms.

Nev. Admin. Code § 490.250

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