NRS 598.230  Right of buyer to rescind contract of sale; notice of rescission.  Any buyer who enters into or signs a door-to-door sale contract in which the total purchase price of the goods or services is $25 or more may rescind such contract by giving written notice to the seller either by delivering, mailing or telegraphing of such notice no later than midnight of the third business day after the date such door-to-door sale contract was entered into or signed. The notice shall be addressed to the seller at the seller’s place of business and shall contain words indicating the buyer’s intent to rescind the transaction previously entered into.

(Added to NRS by 1973, 809)

NRS 598.240  Seller to furnish buyer copy of receipt or contract; required contents.  A seller must furnish every buyer with a fully completed receipt or copy of any door-to-door sale contract at the time a sale is executed. Such writing shall be in the same language as that primarily used in the oral sales presentation, show the date of the transaction and contain the name and address of the seller, and in immediate proximity to the space reserved in the contract for the signature of the buyer or on the front page of the receipt if a contract is not used and in bold type, a statement in substantially the following form:

You, the buyer, may cancel this transaction at any time prior to midnight of the third business day after the date of this transaction. See the attached notice of cancellation form for explanation of this right.

(Added to NRS by 1973, 809)

NRS 598.250  Seller to furnish buyer form for notice of cancellation.  A seller must furnish every buyer with a fully completed form in duplicate, captioned “NOTICE OF CANCELLATION,” which must be attached to the contract or receipt and easily detachable, and which must contain in boldface type the following information and statements in the same language as that used in the contract:

NOTICE OF CANCELLATION

                                                                                (Enter date of transaction)

                                                                                           Date

       You may cancel this transaction, without any penalty or obligation, except as provided by law, within 3 business days from the above date.

       If you cancel, any property traded in, any payments made by you under the contract or sale, and any negotiable instrument executed by you will be returned within 10 business days following receipt by the seller of your cancellation notice, and any security interest arising out of the transaction will be cancelled.

       If you cancel, you must make available to the seller at reasonable times at your residence, in substantially as good condition as when received, any goods delivered to you under this contract or sale; or you must in the alternative comply with the instructions of the seller regarding the return shipment of the goods at the seller’s expense and risk.

       If the seller does not either provide instructions for the return of the goods to the seller or pick them up within 20 days of the date of your notice of cancellation, you may retain or dispose of the goods without any further obligation.

To cancel this transaction, mail or deliver a signed and dated copy of this cancellation notice or any other written notice, or send a telegram

to .....................................................................................................................

(Name of seller)

at..............................................……………(Address of seller’s place of business) not later than midnight of   

       I hereby cancel this transaction.

       ..........................................

                      (Date)

                                                                                  .....................................................................

                                                                                 (Buyer’s signature)

History: 1973, p. 809