Nevada Revised Statutes 689.225 – Agent’s license required to solicit sale of prepaid contract on behalf of seller; exception; administrative fine
Current as of: 2023 | Check for updates
|
Other versions
1. It is unlawful for any person to solicit the sale of a prepaid contract in this state on behalf of a seller unless the person holds a valid agent’s license issued by the Commissioner.
Terms Used In Nevada Revised Statutes 689.225
- Contract: A legal written agreement that becomes binding when signed.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
2. This section does not apply to a seller who holds a valid seller’s certificate of authority.
3. A person who solicits the sale of a prepaid contract in this state without a license is subject to an administrative fine of not more than $1,000 for each violation.