NAC482.190. Trade styles and signs.

     1. The words “finance,” “loan,” “discount” or similar expressions may not be used in the firm name, signs or trade style of a company offering vehicles for sale unless the firm is actually engaged in the finance business and offering only bona fide repossessed vehicles.

     2. The words “repo,” “repossessed” or “repossession” may not be used in the business firm’s name or trade style, signs or display signs. The words “repo,” “repossessed” or “repossession” may be used through other means of advertising; for example, radio, television, newspapers, magazines only when that firm identifies that particular vehicle by vehicle identification number, the vehicle is identifiable as a repossessed vehicle and will be sold for the unpaid balance and actual repossession costs incurred.

     [Dep’t of Motor Veh., Advertising Reg. § 8, eff. 3-28-66; A and renumbered as § 14, 7-21-74]