Terms Used In Nevada Revised Statutes 97B.070

  • Contract: A legal written agreement that becomes binding when signed.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC

1.  ’Consumer form contract‘ means a retail charge agreement or a retail installment contract involving a retail installment transaction in writing between a retail seller and a consumer buyer, or a lease in writing between a lessor and a consumer lessee, involving the sale or lease of goods or services, including, without limitation, credit or financial services, primarily for personal, family or household purposes and which has either been drafted by the business or by a third party for use with more than one consumer, unless a second consumer is the spouse of the first consumer.

2.  As used in this section:

(a) ’Buyer’ has the meaning ascribed to it in NRS 97.085.

(b) ’Goods’ has the meaning ascribed to it in NRS 97.035.

(c) ’Retail charge agreement’ has the meaning ascribed to it in NRS 97.095.

(d) ’Retail installment contract’ has the meaning ascribed to it in NRS 97.105.

(e) ’Retail installment transaction’ has the meaning ascribed to it in NRS 97.115.

(f) ’Retail seller’ has the meaning ascribed to it in NRS 97.125.

(g) ’Services’ has the meaning ascribed to it in NRS 97.135.