Required disclosures by salesperson; restrictions on representations regarding premiums. [Effective July 1, 2021.]

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1. During any solicitation or sales presentation made by him or her, or in any correspondence written in connection with a sale, a salesperson shall:

(a) Identify himself or herself by stating his or her true name;

(b) Identify the seller by whom he or she is employed; and

(c) State the purpose of his or her call.

2. During any solicitation or sales presentation made by him or her, or in any correspondence written in connection with a registrant, a registrant shall disclose to a consumer:

(a) Any charge, including the amount associated with the use of any premium being offered;

(b) Any material restriction, requirement, condition, limitation or exception which is associated with the use of the premium; and

(c) Any charge connected with the sale of any goods or services.

3. A registrant shall not characterize a premium as a prize unless the consumer may receive the premium free of charge and without making any purchase.

4. A registrant shall inform each consumer of the time within which any premium will be delivered.

5. A registrant shall not make any representation of the number of premiums to be awarded in a sales promotion unless the representation accurately reflects the actual number of premiums that will be awarded.

(Added to NRS by 1989, 1385; A 1993, 2108; 1995, 939; 2009, 2727; 2011, 2652; 2013, 1054; 2015, 3653; 2017, 2254; 2019, 2501, effective July 1, 2021)


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