Brokers: Insured trust account required.
Nev. Rev. Stat. § 482.3337
in effect1. Each broker shall open and maintain a separate trust account in a bank, credit union, savings and loan association or savings bank in this State that is federally insured or insured by a private insurer approved pursuant to NRS 672.755 . The broker shall deposit into the trust account any money received from a prospective buyer as a deposit on a vehicle. A broker shall not:
(a) Commingle the money in the trust account with any money that is not a deposit on a vehicle.
(b) Use any money in the trust account to pay his or her operational expenses.
2. A broker shall not require the buyer of a vehicle to pay a deposit on a vehicle in an amount that exceeds 10 percent of the purchase price of the vehicle.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-482.htmlFetched: 10/4/2026