Unlawful retention of deposit for longer than agreed time; penalty.

Nev. Rev. Stat. § 597.840
in effect
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1. A person shall not hold a deposit for the purchase of an item longer than the time specified in a contract between the purchaser and the seller if the purchaser is entitled to the return of the deposit. 2. A person who violates the provisions of subsection 1 shall be punished by a fine of not more than the amount of the deposit multiplied by the number of working days the deposit was retained after return was due.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-597.htmlFetched: 10/4/2026