676A.780 - Statute of limitations for certain actions. [Effective July 1, 2010.]
676A.780 Statute of limitations for certain actions. [Effective July 1, 2010.]
1. An action or proceeding brought pursuant to subsection 1, 2 or 3 of NRS 676A.740 must be commenced within 4 years after the conduct that is the basis of the Commissioner’s complaint.
2. An action brought pursuant to NRS 676A.760 must be commenced within 2 years after the latest of:
(a) The individual’s last transmission of money to a provider;
(b) The individual’s last transmission of money to a creditor at the direction of the provider;
(c) The provider’s last disbursement to a creditor of the individual;
(d) The provider’s last accounting to the individual pursuant to subsection 1 of NRS 676A.630;
(e) The date on which the individual discovered or reasonably should have discovered the facts giving rise to the individual’s claim; or
(f) Termination of actions or proceedings by the Commissioner with respect to a violation of the chapter.
3. The period prescribed in paragraph (e) of subsection 2 is tolled during any period during which the provider or, if different, the defendant has materially and willfully misrepresented information required by this chapter to be disclosed to the individual, if the information so misrepresented is material to the establishment of the liability of the defendant under this chapter.
(Added to NRS by 2009, 1997, effective July 1, 2010)