Nev. Rev. Stat. § 676A.130

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 676A.130 - "Debt-management plan" defined

"Debt-management plan" means a plan which contemplates that:

1. Regular, periodic payments will be made to a provider by or on behalf of an individual to whom debt-management services are being provided; and

2. The individual's creditors will reduce financing charges or fees for late payment, default or delinquency.

The term does not include a plan which contemplates that creditors of the individual will settle debts for less than the principal amount of the debt.

NRS 676A.130

Added to NRS by 2009, 1971