NRS 690D.055 - “Guaranteed asset protection waiver” defined.

NV Rev Stat § 690D.055 (2019) (N/A)
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“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.

(Added to NRS by 2015, 2636)