Requirements for rescission or cancellation by borrower of agreement for provision of distributed generation system loan.
Nev. Rev. Stat. § 598.982149
in effect1. Any borrower who enters into or signs an agreement for the provision of a distributed generation system loan may rescind or cancel the agreement without any penalty or obligation by giving notice in writing to the distributed generation system financier either by delivering, mailing or telegraphing such notice or sending such notice by electronic mail not later than midnight of the:
(a) For a borrower who is less than 60 years of age, third business day after the date the agreement was entered into or signed.
(b) For a borrower who is 60 years of age or older, tenth business day after the date the agreement was entered into or signed.
(c) For a rescission pursuant to NRS 598.982145 , third business day after the receipt of the results of an on-site physical survey described in NRS 598.982145 .
2. The notice required by subsection 1 must be addressed to the distributed generation system financier at the financiers place of business, or another place designated in the agreement, or sent to the electronic mail address set forth in the agreement and must contain words indicating the intent of the borrower to rescind or cancel the transaction previously entered into.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-598.htmlFetched: 10/4/2026