Nevada · Through 2025 session (NRS as revised 2026-08-25) · Newer source version available

NRS 482.3337: Brokers: Insured trust account required.

Where this section sits in the code

TITLE 43 — PUBLIC SAFETY; VEHICLES; WATERCRAFT
CHAPTER 482 - MOTOR VEHICLES AND TRAILERS: LICENSING, REGISTRATION, SALES AND LEASES
MANUFACTURERS, REBUILDERS, DISTRIBUTORS, DEALERS, BROKERS, SALESPERSONS AND LESSORS
Licensing and Regulation

1. Each broker shall open and maintain a separate trust account in a bank, credit union, savings and loan association or savings bank in this State that is federally insured or insured by a private insurer approved pursuant to NRS 672.755. The broker shall deposit into the trust account any money received from a prospective buyer as a deposit on a vehicle. A broker shall not:

(a) Commingle the money in the trust account with any money that is not a deposit on a vehicle.

(b) Use any money in the trust account to pay his or her operational expenses.

2. A broker shall not require the buyer of a vehicle to pay a deposit on a vehicle in an amount that exceeds 10 percent of the purchase price of the vehicle.

Collected 2026-09-03T05:51:41Z. Source file · JSON

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