Penalty for cancellation permitted; limitations.

NRS 598.260 Penalty for cancellation permitted; limitations. NRS 598.140 to 598.2801, inclusive, do not prevent any seller from assessing a penalty for the cancellation of a door-to-door sale contract if the penalty does not exceed 5 percent of the total purchase price, $15, or any down payment paid by the buyer at the time any door-to-door sale contract is entered into or executed, whichever is the lesser amount. (Added to NRS by 1973, 810)