Title 57

NRS 690D.040 “Dealer” defined. “Dealer” means a seller of a vehicle who provides or arranges for the provision of credit to the buyer of the vehicle for the purpose of financing the purchase of the vehicle. (Added to NRS by 2015, 2636)

NRS 690D.045 “Finance agreement” defined. “Finance agreement” means: 1. A loan made to the buyer of a vehicle for the purpose of financing the purchase of the vehicle and that is secured by the vehicle. 2. A lease between a long-term lessee and a long-term lessor. 3. A retail ins…

NRS 690D.050 “Free-look period” defined. “Free-look period” means a period beginning on or after the effective date of a guaranteed asset protection waiver in which the borrower may cancel the guaranteed asset protection waiver with no penalty, fee or other cost. (Added to NRS by…

NRS 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 agre…

NRS 690D.060 “Lease” defined. “Lease” has the meaning ascribed to it in NRS 482.053. (Added to NRS by 2015, 2636)

NRS 690D.065 “Long-term lessee” defined. “Long-term lessee” has the meaning ascribed to it in NRS 482.053. (Added to NRS by 2015, 2636)

NRS 690D.070 “Long-term lessor” defined. “Long-term lessor” has the meaning ascribed to it in NRS 482.053. (Added to NRS by 2015, 2636)

NRS 690D.075 “Vehicle” defined. “Vehicle” has the meaning ascribed to it in NRS 482.135, and includes, without limitation, any boat, recreational vehicle, all-terrain vehicle, trailer, personal watercraft or snowmobile. (Added to NRS by 2015, 2636)

NRS 690D.095 Applicability of chapter and title 57 of NRS; certificate of authority not required to issue, sell, offer for sale or administer waiver. 1. Except as otherwise provided in this chapter, the marketing, issuance, sale, offering for sale, making, proposing to make and a…

NRS 690D.100 Applicability of provisions to certain transactions involving vehicles for commercial use. 1. The provisions of subsection 2 of NRS 690D.170, subsection 2 of NRS 690D.190 and NRS 690D.230 do not apply to a guaranteed asset protection waiver offered for sale or sold i…

NRS 690D.150 Restrictions on business name of creditor; exception. 1. Except as otherwise provided in this section, a creditor who sells or offers for sale guaranteed asset protection waivers shall not include in the name of the business of the creditor: (a) The words “insurance,…

NRS 690D.160 Dealer required to carry policy of contractual liability insurance; other creditors authorized to purchase such policy; requirements of policy; cancellation or termination. 1. A dealer who sells or offers to sell guaranteed asset protection waivers shall purchase a p…

NRS 690D.170 Creditor authorized to offer waiver to certain borrowers; manner of payment; cost of waiver required to be listed separately; waiver becomes part of finance agreement and remains such if assigned, sold or transferred. 1. Any creditor may offer to sell or sell a guara…

NRS 690D.180 Requiring purchase of waiver as condition of sale, lease or terms or approval of credit prohibited. A creditor shall not require the purchase of a guaranteed asset protection waiver as a condition for the approval of credit, the terms of the credit or the terms of th…

NRS 690D.190 Required written disclosures. 1. A guaranteed asset protection waiver must contain a conspicuous statement, printed in at least 12-point type that is larger than the surrounding text and with a heading that is printed in all capital letters, stating that: (a) A guara…

NRS 690D.200 Free-look period required; cancellation and refund during or after free-look period; manner and limitations on time for request of refund; creditor authorized to apply refund to balance owed on finance agreement. 1. A guaranteed asset protection waiver must provide a…

NRS 690D.210 Required records; length of retention; manner of storage. 1. A creditor or the designee of a creditor shall maintain records of the transactions governed by this chapter. The records must include, without limitation: (a) A copy of each type of guaranteed asset protec…

NRS 690D.220 Inspection of records by Commissioner. A creditor shall, within 14 business days after a request by the Commissioner, make available to the Commissioner for inspection any accounts, books and records concerning any guaranteed asset protection waiver sold or offered f…

NRS 690D.230 Authority of Commissioner to issue cease and desist order; notice and hearing; fines. Except as otherwise provided in NRS 690D.100: 1. The Commissioner may order any person, including, without limitation, a creditor or administrator, to cease and desist any conduct t…