Nevada § 104.3503 - Notice of dishonor

§ 104.3503. Notice of dishonor

1. The obligation of an endorser stated in subsection 1 of NRS 104.3415 and the obligation of a drawer stated in subsection 4 of NRS 104.3414 may not be enforced unless: (a) The endorser or drawer is given notice of dishonor of the instrument complying

with this section; or (b) Notice of dishonor is excused under subsection 2 of NRS 104.3504 . 2. Notice of dishonor: (a) May be given by any person; (b) May be given by any commercially reasonable means, including an oral, written

or electronic communication; and (c) Is sufficient if it reasonably identifies the instrument and indicates that the

instrument has been dishonored or has not been paid or accepted. Return of an instrument given to a bank for collection is sufficient notice of dishonor. 3. Subject to subsection 3 of NRS 104.3504 , with respect to an instrument taken for collection by a collecting bank, notice

of dishonor must be given by the bank before midnight of the next banking day following

the banking day on which it receives notice of dishonor of the instrument, or by any

other person within 30 days following the day on which the person receives notice

of dishonor. With respect to any other instrument, notice of dishonor must be given within 30 days

following the day on which dishonor occurs.