NAC482.200. Repossessions; unpaid balance.

Latest version.

The term “repossessed” may be used only to describe vehicles presently and directly taken back from the purchaser. Advertisers offering repossessed vehicles for sale shall provide written proof of repossessions. The amount quoted as the unpaid balance and actual repossession costs incurred must be the full selling price.

[Dep’t of Motor Veh., Advertising Reg. § 9, eff. 3-28-66; A and renumbered as § 15, 7-21-74]

                    
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