690C.240 - Vehicle service contract; ceasing to do business; notification. - Nevada Statutes

690C.240  Vehicle service contract; ceasing to do business; notification.

      1.  A provider who, whether directly or through a vehicle dealer licensed pursuant to NRS 482.325, enters into a vehicle service contract with a buyer shall, within 30 days after ceasing doing business in this State, notify any buyer who purchased such a contract in writing of the fact that the provider has ceased doing business in this State if the specified period of the vehicle service contract has not yet expired.

      2.  The provisions of this section do not:

      (a) Render a service contract void pursuant to NRS 690C.250;

      (b) Cancel a service contract pursuant to NRS 690C.270; or

      (c) Release the provider from any liability imposed by a violation of any provision of this chapter.

      3.  As used in this section:

      (a) “Buyer” means the buyer of a vehicle service contract.

      (b) “Vehicle service contract” means a contract pursuant to which a provider, in exchange for separately stated consideration, is obligated for a specified period to a buyer to repair, replace or perform maintenance on, or indemnify or reimburse the buyer for the costs of repairing, replacing or performing maintenance on, a motor vehicle which is described in the vehicle service contract and which has an operational or structural failure as a result of a defect in materials, workmanship or normal wear and tear, including, without limitation, a contract that includes a provision for incidental payment of indemnity under limited circumstances, including, without limitation, towing, rental and emergency road service.

      (Added to NRS by 2007, 1271)