According to NRS 489.717, what are dealers prohibited from requiring?

Dealers are prohibited from requiring specific financing sources according to NRS 489.717. This regulation is in place to ensure that consumers have the freedom to choose their own financing options when purchasing manufactured homes. By not mandating specific lenders or financing institutions, the law promotes healthy competition among financial service providers and empowers buyers to secure financing that best meets their individual needs and circumstances. This provision protects consumers from being pressured into using a preferred lender that may not offer the most favorable terms or rates.

Other options, while they may touch on aspects of dealer practices in the context of sales, do not align with the specific prohibitions outlined in NRS 489.717. For instance, while deposits prior to sales and credit checks may have their own regulations, the primary concern of NRS 489.717 is ensuring that buyers aren't forced into restrictive financing agreements. Furthermore, while dealers may be required to enter into written contracts, the prohibition of specific financing sources is paramount in fostering fair market practices.