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 Nevada Administrative Code (Last Updated: January 6, 2015)
 Chapter482 Motor Vehicles and Trailers: Licensing, Registration, Sales and Leases
  MANUFACTURERS, REBUILDERS, DISTRIBUTORS, DEALERS, BROKERS, SALESPERSONS AND LESSORS
  Advertising

  NAC482.165. Line of credit advertised.  

Latest version.

  •      1. If a dealer advertises a line of credit for the purchase of vehicles and includes in the advertisement:

         (a) The periodic rate used to compute the annual percentage rate;

         (b) The date the finance charge begins to accrue;

         (c) The method of determining the balance upon which the finance charge is imposed;

         (d) The method of determining the finance charge; or

         (e) The amount of any fee included in the line of credit,

    Ê the dealer shall include in the advertisement all fees that will be charged for the line of credit, including any membership or participation fees, and the annual percentage rate.

         2. If an advertisement includes the annual percentage rate for a line of credit, it must be identified using the term “annual percentage rate” or “APR.” If the rate included in the advertisement is a variable periodic rate, that fact must be disclosed in the advertisement.

     (Added to NAC by Dep’t of Motor Veh. & Pub. Safety, eff. 3-14-96)