NAC677.330. Market value of security.

The market value of any collateral taken as security for a loan, or of any item listed in subsection 1 of NRS 677.790, which is purchased, sold or discounted by the company must be determined by:

     1. Reference to a standard publication in general use by the trade;

     2. A copy of the bill of sale or purchase invoice;

     3. In the case of household goods, the value of which is not relied upon by the licensee to secure the net amount of the loan, a statement of value represented as true and correct by the borrower and signed by him; or

     4. An adequate written appraisal.

     [Dep’t of Commerce, Thrift Companies Reg. § 13 subsec. 13.1, eff. 1-4-76; A 1-4-78; 12-14-78]