NAC704.332. Deposit: Payment in installments.

     1. A customer who is required to pay a deposit must be permitted to enter into a written agreement with the utility for payment of the deposit in installments.

     2. Except as otherwise provided in NAC 704.341, if such an agreement is entered into:

     (a) The customer may be required to pay:

          (1) An amount equal to at least one-third of the deposit, if it is more than $50, before service is provided;

          (2) The remainder of the deposit, in not more than two equal installments, not later than 30 and 60 days, respectively, after the date of the agreement; and

          (3) Interest, at a rate set forth in the tariff of the utility, on the unpaid portion of the deposit.

     (b) The service of the customer may be terminated without notice for any failure to pay the deposit as agreed and, in such a case, the customer may be required to pay the full amount of the deposit, plus any other money owed the utility, before service is restored.

     (c) The agreement must:

          (1) Specify the date on which each installment is due; and

          (2) Contain a statement of the provisions of this section. The right of the utility to terminate the service of the customer for any failure to pay the deposit must be stated in boldface type.

     (Added to NAC by Pub. Service Comm’n, eff. 1-5-89)