{"data":{"id":"us-nv/nrs-690c.250","jurisdiction":"us-nv","citation":"NRS 690C.250","heading":"Conditions under which service contract void and refund required; right of original purchaser; provision stating right required; requirements for refund; penalty.","body":"1. A service contract is void and a provider shall refund to the holder the purchase price of the service contract if the holder has not made a claim under the service contract and the holder returns the service contract to the provider:\n(a) Within 20 days after the date the provider mails a copy of the service contract to the holder;\n(b) Within 10 days after the purchaser receives a copy of the service contract if the provider furnishes the holder with the copy at the time the contract is purchased; or\n(c) Within a longer period specified in the service contract.\n2. The right of a holder to return a service contract pursuant to this section applies only to the original purchaser of the service contract.\n3. A service contract must include a provision that clearly states the right of a holder to return a service contract pursuant to this section.\n4. The provider shall refund to the holder the purchase price of the service contract within 45 days after a service contract is returned pursuant to subsection 1. If the provider fails to refund the purchase price within that time, the provider shall pay the holder a penalty of 10 percent of the purchase price for each 30-day period or portion thereof that the refund and any accrued penalties remain unpaid.","path":["TITLE 57 — INSURANCE","CHAPTER 690C - SERVICE CONTRACTS","PROVISIONS OF CONTRACT"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-690C.html#NRS690CSec250","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:46Z","sha256":"4c2a2f41ee4742edc32b402380ae6acc90bab58306aee462e8a89ca235c23628","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-690c.240","next":"us-nv/nrs-690c.260"},"notice":"GroundRules: Original legal text. Not legal advice."}