Nev. Rev. Stat. § 690D.055

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 690D.055 - "Guaranteed asset protection waiver" defined

"Guaranteed asset protection waiver" means a contract pursuant to which a creditor, in exchange for separately stated consideration, agrees to waive part or all of the amount due to the creditor pursuant to a finance agreement in the event of a total physical damage loss or unrecovered theft of a vehicle covered by the finance agreement.

NRS 690D.055

Added to NRS by 2015, 2636
Added by 2015, Ch. 453,§10, eff. 1/1/2016.