Nevada § 482.3337 Brokers: Insured trust account required

Nevada Statutes

§ 482.3337 — Brokers: Insured trust account required

Nevada § 482.3337

Title 43PUBLIC SAFETY; VEHICLES; WATERCRAFT

Ch. 482Motor

Licensing and Regulation

This text of Nevada § 482.3337 (Brokers: Insured trust account required) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 482.3337 (2026).

Text

1. Each broker shall open and maintain a separate trust account in a bank, credit union, savings and loan association or savings bank in this State that is federally insured or insured by a private insurer approved pursuant to NRS 672.755 . The broker shall deposit into the trust account any money received from a prospective buyer as a deposit on a vehicle. A broker shall not:

(a)Commingle the money in the trust account with any money that is not a deposit on a vehicle.

(b)Use any money in the trust account to pay his or her operational expenses. 2. A broker shall not require the buyer of a vehicle to pay a deposit on a vehicle in an amount that exceeds 10 percent of the purchase price of the vehicle.

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1. Each broker shall open and maintain a separate trust account in a bank, credit union, savings and loan association or savings bank in this State that is federally insured or insured by a private insurer approved pursuant to NRS 672.755 . The broker shall deposit into the trust account any money received from a prospective buyer as a deposit on a vehicle. A broker shall not:
(a) Commingle the money in the trust account with any money that is not a deposit on a vehicle.
(b) Use any money in the trust account to pay his or her operational expenses.
2. A broker shall not require the buyer of a vehicle to pay a deposit on a vehicle in an amount that exceeds 10 percent of the purchase price of the vehicle.