The dynamic surface elasticity of aqueous solutions of poly(N-isopropylacrylamide) (pNIPAM) has been measured by the oscillating barrier and capillary wave methods as a function of time and concentration. While the real and imaginary parts of the surface elasticity almost did not change with the concentration, their kinetic dependencies proved to be nonmonotonic. Simultaneous measurements of the film thickness and adsorbed amount by null-ellipsometry showed that the pNIPAM adsorption can be divided into two steps corresponding to the formation of a concentrated narrow region close to the air phase and a region of tails and loops protruding into the bulk liquid. The local maximum of the elasticity can be observed in the course of the first step when the adsorbed macromolecules do not form long loops and tails. The results are in agreement with recent data on the nonequilibrium surface properties of solutions of other nonionic homopolymers and the theory of dilational surface viscoelasticity.