Nev. Rev. Stat. § 691C.060

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

Section 691C.060 - "Credit personal property insurance" defined

"Credit personal property insurance" means a policy, endorsement, rider, binder, certificate or other instrument or evidence of insurance written in connection with a credit transaction that:

1. Covers perils to the goods purchased through a credit transaction or used as collateral for a credit transaction and that concerns the interest of a creditor in the purchased goods or pledged collateral either in whole or in part; or

2. Covers perils to goods purchased in connection with an open-end credit transaction.

NRS 691C.060

Added to NRS by 2005, 2106