Distributed generation system financier required to verbally communicate and confirm information relating to agreement; verbal communication must be recorded before commencement of installation; maintenance of recording required.

NRS 598.982144 Distributed generation system financier required to verbally communicate and confirm information relating to agreement; verbal communication must be recorded before commencement of installation; maintenance of recording required. 1. A distributed generation system financier shall, in person or by telephone or videoconference, verbally: (a) Confirm the identity of a borrower under an agreement for the provision of a distributed generation system loan or a lessee under an agreement for the lease of a distributed generation system; (b) For a borrower, communicate to the borrower the terms and conditions of the agreement for the provision of a distributed generation system loan, including, without limitation, any fees charged by the distributed generation system financier; (c) For a lessee, communicate to the lessee the information required to be included in a cover page pursuant to NRS 598.9809; and (d) Confirm that the borrower or lessee understands the information communicated pursuant to paragraphs (b) and (c). 2. The verbal communication required by subsection 1 must be: (a) Recorded by the distributed generation system financier; and (b) Conducted before the commencement of the installation of the distributed generation system. 3. A distributed generation system financier shall maintain the recording required by subsection 2 for not less than 5 years after the date of the final inspection of the distributed generation system. (Added to NRS by 2025, 2288)