Nevada § 624.885 - Limitations on certain lending and financial practices
Full text of Nevada Nevada Revised Statutes § 624.885 — Limitations on certain lending and financial practices, with citation guidance and answers to common questions.
§ 624.885. Limitations on certain lending and financial practices
1. A contract for work concerning a residential photovoltaic system used to produce
electricity is not enforceable against the owner of a single-family residence on which
the work is being performed if the obtaining of a loan for all or a portion of the
contract price is a condition precedent to the contract unless both of the following
requirements are satisfied: (a) The owner of the single-family residence agrees to accept the loan or financing. (b) The owner of the single-family residence does not rescind the loan or financing
transaction within the period prescribed for rescission pursuant to the Truth in Lending
Act, 15 U.S.C. §§ 1601 et seq., or chapter 598 of NRS, if applicable. 2. Unless and until all applicable requirements of subsection 1 are satisfied, a contractor
shall not: (a) Perform or deliver any work, labor, material or services; or (b) Represent in any manner that the contract is enforceable or that the owner of
the single-family residence has any obligation under the contract.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 624.885
What does Nevada Revised Statutes § 624.885 cover?
Section 624.885 ("Limitations on certain lending and financial practices") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 624.885?
A common citation format is "Nevada Revised Statutes § 624.885" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 624.885 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.