There is a newer version of the Nevada Revised Statutes
2011 Nevada Revised Statutes
Chapter 97 - Retail Installment Sales of Goods and Services
NRS 97.304 - Enforceability of default on part of buyer.
NV Rev Stat § 97.304 (2011) What's This?
Notwithstanding the provisions of any contract to the contrary, default on the part of the buyer is only enforceable to the extent that:
1. The buyer fails to make a payment as required by the agreement; or
2. The prospect of payment, performance or realization of collateral is significantly impaired. The burden of establishing the prospect of significant impairment is on the seller.
(Added to NRS by 2011, 1029)
Disclaimer: These codes may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
